×
35 090
Fashion Jobs
L'OREAL GROUP
Manager/sr Manager - Ecustomer Marketing (l'Oreal Paris)
Permanent · New York
L'OREAL GROUP
Director of Growth Marketing (CRM)
Permanent · New York
TIFFANY & CO
Lead Business Analyst, Merchandising Innovation
Permanent · Parsippany-Troy Hills
VICTORIA'S SECRET
Brand Operations Manager-The Shops at Highland Villag
Permanent · Highland Village
NORDSTROM INC
Loss Prevention Security Ambassador Porter Ranch Rack
Permanent · Los Angeles
NORDSTROM INC
Loss Prevention Security Ambassador The Marketplace at Braintree Rack
Permanent · Westwood
FOREO
Director of Operations
Permanent · LAS VEGAS
COTY
Making Team Leader/ pw Coordinator
Permanent · COCKEYSVILLE
ESTÉE LAUDER COMPANIES
Order Handler - Padc (700am - 1100am)
Permanent · BRISTOL
FOOT LOCKER
Director, Corporate Communications
Permanent · New York
FOOT LOCKER
Overnight Operations Manager
Permanent · New York
FOOT LOCKER
Overnight Assistant Operations Manager
Permanent · Lithonia
FOOT LOCKER
Overnight Assistant Operations Manager
Permanent · Pembroke Pines
FOOT LOCKER
sr. Manager, qa & Operations (Store Systems)
Permanent · Camp Hill
FOOT LOCKER
Overnight Assistant Operations Manager
Permanent · Miami
FOOT LOCKER
Director, Data Platform Engineering - Retail
Permanent · ST. PETERSBURG
FOOT LOCKER
Overnight Assistant Operations Manager
Permanent · New York
FOOT LOCKER
Overnight Assistant Operations Manager
Permanent · New York
FOOT LOCKER
Overnight Operations Manager
Permanent · Overland Park
JBCSTYLE
Account Executive
Permanent · AUSTIN
SALLY BEAUTY CORPORATE
1st Shift Picker/ Packer
Permanent · SPARTANBURG
SALLY BEAUTY CORPORATE
Sunday, Monday, And Tuesday
Permanent · SPARTANBURG
Advertisements
By
Fibre2Fashion
Published
Mar 28, 2016
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Vietnam’s textile dyeing sector needs $15 bn investment

By
Fibre2Fashion
Published
Mar 28, 2016

Even as Vietnam’s textile industry seeks to derive the maximum advantage from the Trans Pacific Partnership (TPP), the sector is grappling with low labour productivity and a serious shortage of textile and dyeing materials. According to one estimate, the dyeing sector needs a massive investment of $15 billion.



Le Tien Truong, general director of the Vietnam Textile and Garment Group (Vinatex) pointed out that in 2015, Vietnam exported $27.5 billion of garment-textile products but it had to spend $14 billion to import raw materials.

“Thus, Vietnam needs to overcome the problem of input raw materials," Truong said at a seminar on Vietnam’s garment industry at Ho Chi Minh City.

The Vinatex CEO also highlighted the massive difference in investments in different branches of the textile industry in Vietnam.

He pointed out that only $3,000 is needed to invest in a position of garment worker (people and technology) but up to $200,000 for a fibre or dye worker.

That makes it extremely difficult for small and medium enterprises to invest in the textile and dyeing industry. Vietnam needs up to $15 billion of investment in the industry, he said.

"This figure is really a challenge for local businesses. So when the market opens, the arrival of foreign investors is unavoidable. So, to ensure healthy competition, the State needs to manage the market properly, with strict legal institutions in both technology and environmental protection,” Truong said.

He also urged local businesses to work closely together to create an overall value chain.

Professor Hansjörg Herr from the Berlin School of Economics said Vietnam should create an environment for coordination between the authorities and enterprises to enable enterprises to have quick access to creative economy.

Copyright © 2020 Fibre2Fashion. All rights reserved.