Vinatex is looking to build the first polyethylene (PE) fibre plant in Vietnam, to serve domestic textile and apparel production.
Construction of the plant, which will be a joint venture between Vinatex and Vietnam Gas and Petrolium Group PetroVietnam, is scheduled for the second quarter of 2008 at Dung Quat Economic Zone near Dung Quat oil refinery complex.
The PE fibre plant will cost VND3,000bn (US$187.5m), and production of the fibres themselves will use petrochemical products from Dung Quat Oil refinery complex.
Vietnam's textile and garment industry has previously performed stages like reeling fibre, knitting, dyeing, but PE fibre production is an entirely new field for the country.
Showing posts with label Garment Textile. Show all posts
Showing posts with label Garment Textile. Show all posts
Sunday, February 22, 2009
Belgium and Vietnam promote textiles
The Belgian government has committed to providing EUR 1 million for a project to strengthen the capacity in researching, training and developing textile technique testing of the Textile Research Institute (TRI).
Deputy Minister of Industry and Trade Bui Xuan Khu and Belgian Ambassador to Vietnam Hubert Cooreman signed an agreement to this effect in Hanoi on January 22.
The project will help TRI gain self-control in finance and become a leading textile research institute in Vietnam.
The project will focus in increasing the capacity for the Textile Research Institute through R&D activities, transfer of technology, testing and training.
The project will be carried out within 36 months.
Deputy Minister of Industry and Trade Bui Xuan Khu and Belgian Ambassador to Vietnam Hubert Cooreman signed an agreement to this effect in Hanoi on January 22.
The project will help TRI gain self-control in finance and become a leading textile research institute in Vietnam.
The project will focus in increasing the capacity for the Textile Research Institute through R&D activities, transfer of technology, testing and training.
The project will be carried out within 36 months.
Viet Tien introduces high-fashion men’s line
Viet Tien Garment Export-Import Corporation (VTEC), the largest garment producer in Vietnam, has introduced two new luxury male fashion lines under Italian and American labels in HCMC.
New products under the Italian label San Sciaro, which are aimed at high-powered businessmen, include shirts, khaki trousers, T-shirts and suits. Products under the American label Manhattan include shirts, western trousers and suits. The Manhattan trademark is a part of Perry Ellis International and Perry Ellis International Europe.
According to VTEC, the San Sciaro label represents nobility, experience, power and prestige and will bring new, fashionable styles to Vietnamese businessmen.
Viet Tien expanded their franchise ownership in 2007 to include the Manhattan label, which is well known for high-quality office apparel.
The company will develop a full line of clothing under the Manhattan brand. Viet Tien will initially concentrate on designing dress shirts, which will be owned by Perry Ellis International and Perry Ellis International Europe. Perry Ellis is a leading designer, distributor and licensor of high-quality men’s and women’s apparel, accessories, and fragrances.
The agreement between the two fashion houses also covers knit and woven sport shirts, dress and casual pants, shorts, sport coats, suits, suit separates, sweaters, outerwear and accessories like neckties, hosiery, underwear and sleepwear. The line will be distributed by Viet Tien’s extensive network throughout Vietnam.
Viet Tien owns 12 enterprises and has stakes in 17 companies under the Vietnam Textile and Garment Group.
General director Nguyen Dinh Truong reported that last year VTEC earned VND2.7 billion in revenue, with US$263 million from exports. The corporation currently employs 21,600 people. (Saigon Times)
New products under the Italian label San Sciaro, which are aimed at high-powered businessmen, include shirts, khaki trousers, T-shirts and suits. Products under the American label Manhattan include shirts, western trousers and suits. The Manhattan trademark is a part of Perry Ellis International and Perry Ellis International Europe.
According to VTEC, the San Sciaro label represents nobility, experience, power and prestige and will bring new, fashionable styles to Vietnamese businessmen.
Viet Tien expanded their franchise ownership in 2007 to include the Manhattan label, which is well known for high-quality office apparel.
The company will develop a full line of clothing under the Manhattan brand. Viet Tien will initially concentrate on designing dress shirts, which will be owned by Perry Ellis International and Perry Ellis International Europe. Perry Ellis is a leading designer, distributor and licensor of high-quality men’s and women’s apparel, accessories, and fragrances.
The agreement between the two fashion houses also covers knit and woven sport shirts, dress and casual pants, shorts, sport coats, suits, suit separates, sweaters, outerwear and accessories like neckties, hosiery, underwear and sleepwear. The line will be distributed by Viet Tien’s extensive network throughout Vietnam.
Viet Tien owns 12 enterprises and has stakes in 17 companies under the Vietnam Textile and Garment Group.
General director Nguyen Dinh Truong reported that last year VTEC earned VND2.7 billion in revenue, with US$263 million from exports. The corporation currently employs 21,600 people. (Saigon Times)
Foreign investment in Vietnam's apparel disappoints
Vietnam’s textile sector lured much less foreign capital than expected after the country joined the World Trade Organization, according to the annual report of the Association of Garment Textile Embroidery-Knitting.
Foreign investors were reluctant to invest in the industry because of concerns about the U.S government’s monitoring program which applies to certain categories of Vietnam’s textile and apparel products, said the report, which was released Thursday.
Foreign investors committed to invest about US$388 million in 76 projects in 2007, he said.
The commitment represents about two percent of Vietnam’s $20.3 billion record foreign direct investment last year.
Total investment in the sector amounts to about $5.4 billion.
The sources said foreign investment mainly focused on manufacturing items such as fabric, buttons and thread.
Manufacturing, which relies heavily on imports, is the sector’s weakest area.
The top foreign investors by nation were Taiwan with $2.3 billion, Korea with $1.6 billion and Hong Kong with $400 million.
Foreign investors were reluctant to invest in the industry because of concerns about the U.S government’s monitoring program which applies to certain categories of Vietnam’s textile and apparel products, said the report, which was released Thursday.
Foreign investors committed to invest about US$388 million in 76 projects in 2007, he said.
The commitment represents about two percent of Vietnam’s $20.3 billion record foreign direct investment last year.
Total investment in the sector amounts to about $5.4 billion.
The sources said foreign investment mainly focused on manufacturing items such as fabric, buttons and thread.
Manufacturing, which relies heavily on imports, is the sector’s weakest area.
The top foreign investors by nation were Taiwan with $2.3 billion, Korea with $1.6 billion and Hong Kong with $400 million.
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