test


Member ID:
Password: 
Stay logged in for 30 days
Forget Your Password?
close

login CCFGroup App

Industry News | Time:Jan 11 2017 8:10AM
Vinatex to invest $240 million to boost production
 
Text size
HA NOI — The Viet Nam Textile and Garment Group (Vinatex) will mobilise VND5 trillion (US$242 million) for fibre, textile and garment development to boost this year’s production.

Of the total mobilised capital, Vinatex’s general director Le Tien Truong said, the parent company would finance projects worth around VND2.4 trillion, while the subsidiaries would fund projects for around VND3 trillion.

In 2016, the group invested VND5.5 trillion in 41 projects, including 17 garment projects, nine industrial fibre manufacturing projects, nine textile dyeing projects and six machinery upgradation projects.

According to Truong, Viet Nam’s textile industry exports in 2016 were estimated to touch $28.3 billion, up 5.7 per cent year-on-year, while Vinatex’s exports reached $2.5 billion, up 5 per cent against 2015.
As Vietnamese garment enterprises attempt to penetrate the foreign market, exports to key markets such as the US, EU, Japan and the Republic of Korea are rising, Truong said, adding that in 2017, Vinatex aims 14 per cent growth in industrial production value, an increase of 11 per cent in exports and a rise of 12 per cent in revenue, compared to 2016. — VNS

Source: Internet
Related Articles
Top 20 companies importing cotton yarn in China in Mar 2017
Chinese firm express interest to setup textile unit in Karachi
KCA urge govt to review proposed tax on raw cotton import
July-March bedwear export up by 5.11 percent in Pakistan
Maharashtra govt working on second textiles policy
Exports of Indian cotton yarn to China may increase if GST rate cut
Textile and apparel exports via Xinjiang port up significantly in
Indonesia see growth in TPT exports in first 2 months of this year
Arvind launches ready to wear apparel for men in Gujarat, Karnataka
Pakistan see growth in cotton yarn and cloth production
 
Research
Polyester industrial chain pattern and change
Analysis of changes on China's MEG market structure
Will Indian cotton yarn price dip?
Changes in China's MEG inventory structure in 2016
Analysis on improved polyester end-user market demand in ...
Analysis on the surging nylon market in the fourth quarter ...
 
 

浙公网安备 33010902000742号