China'S Investment In Vietnam'S Textile And Garment Industry Will Continue To Strengthen.

< p > recently, Vietnam's major "a" target= "_blank" href= "http://www.91se91.com/" > strong > textile > /strong > /a > a target= "/a", "href=", "clothing", "the company" said that they will meet even more fearsome competitors, because once signing the p Pacific Partnership, China may increase its investment in Vietnam.

The development of garment industry has promoted the development of Vietnam's society and economy.

However, most of the workers come from the countryside, and most of the garment factories are located in the city, and the cost of living is relatively high.

This requires the industry to change its development strategy and move the garment factories from the urban areas to the rural areas.

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A senior manager of Vietnam's largest textile and Garment Group, P, said that China has always been very flexible in looking for investment opportunities.

At the same time, they may have heard that in the framework of TPP, Vietnam may enjoy the zero export tariff treatment of the largest export market for clothing and textiles exported from the United States.

Senior executives of the company predict that the new Chinese investment will most likely be in the garment industry, while the textile and dyestuff industries will have fewer investment projects.

Once TPP is implemented, Vietnamese enterprises will face more intense competition.

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< p > for Vietnamese clothing companies, this is a real bad news because they rely on imports from China, < a target= "_blank" href= "http://www.91se91.com/" > strong > raw material < /strong > /a >, and their competitiveness is weak. 100%.

According to the management, Chinese enterprises have already passed on the message that they hope to cooperate with the company in textile and dyestuff fields.

But projects in these areas are difficult to carry out, because these projects may cause environmental pollution and are not welcome by the local government.

So far, cooperation projects between the company and Chinese investors have not yet been achieved.

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< p > Vietnam's domestic media reported that Ho Thi Kim Thoa, Vice Minister of Vietnam's Ministry of industry and trade, said at the meeting that the textile and garment industry accounted for 8% of Vietnam's GDP.

Vietnam's textile and apparel exports rank the world's top five and 2008-2012 years, with an average annual growth rate of 16%.

A representative of a textile and garment agency said that the clothing industry in Vietnam relies heavily on imports of raw materials, machinery and equipment and chemical products.

At the same time, Vietnam's clothing industry is also faced with problems such as insufficient supply chain, shortage of skilled workers, low added value of products, and lack of market strategy.

Recently, Vietnamese clothing industry experts held a meeting in Hanoi that Vietnam's textile and garment industry should change its development strategy in the next 10 to 20 years.

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< p > in fact, Vietnam hopes that there are more investment projects in the field of textile and dyeing than in the field of clothing.

However, it still can not attract investment.

Meanwhile, China Southern Morning Post published an article in May 2013, citing Hong Tianzhu, President of a textile group, saying that the group hopes to expand its investment in Vietnam.

Chinese businessmen say that Vietnam's fiber exports to China enjoy zero tariff concessions.

If Vietnam exports to the United States, it can enjoy zero tariffs.

He went on to say that Vietnam did not have many dyeing and textile enterprises, so he saw many business opportunities in Vietnam.

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< p > in addition, according to "South Morning Post" reported that Pacific Textile is also considering, in 2013 in Vietnam to build a $180 million joint venture.

In 2012, some dyeing and textile projects in China and Hongkong began in Vietnam.

A Limited Hong Kong Company opened a fiber factory in July 2012, which is located in the Hai Yen industrial area of Mong Cai, Quang Ninh Province, Vietnam.

According to the General Administration of Customs report, in the first four months of 2013, Vietnam exported 5 billion US dollars of textiles and < a target= "_blank" href= "http://www.91se91.com/" > strong > dress < /strong > /a >, an increase of 18% over the same period last year.

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