FDI inflows to textile and fiber projects reached US $ 1,546 billion with 184 projects

vina_admin — Tue, 18 Feb 2020 09:40:05 +0000

The highlight of foreign direct investment inflows into the textile and apparel industry in the first 11 months of 2019 is a large amount of capital flowing into textile, dyeing and fiber projects.

In the first 11 months of 2019, FDI capital into the textile and garment industry reached US $ 1,546 billion with 184 projects.

Vietnam Textile and Apparel Association (Vitas) said that in the first 11 months of 2019, the total foreign direct investment (FDI) in the textile and garment industry reached US $ 1,546 billion with 184 projects.

In which, 5 countries and territories have the largest investment capital in the textile and apparel industry, respectively: Hong Kong USD 447 million, Singapore USD 370 million, China 270 million USD, South Korea 165 million USD, Seychelles 103 million dollars.

Country / territory ranked first in textile and garment investment capital in 11 months of 2019 (Chart: The Hoang)

In addition to the TOP 5 countries / territories with the largest investment mentioned above, Japanese investors also registered to invest in Vietnam’s textile and apparel industry with a total capital of US $ 61 million, US $ 19 million and Taiwan 15 million. USD, and nearly USD 100 million of remaining capital belongs to other investors.

The localities receiving large capital in the textile and garment industry, led by Tay Ninh with a total capital of 464 million USD with 16 projects, Quang Nam 10 projects, registered capital of 107 million USD, Nghe An 3 projects with 210 million USD, Thua Thien Hue 2 projects, with 213 million USD …

A special feature of FDI inflows to textiles and garments in the past year was the superiority of the amount of capital into raw material projects, of which up to 90 were in the textile segment, totaling 1,245 billion USD, followed by dyeing. with 24 projects, registered capital of 673.3 million USD, 109 sewing projects with 587.2 million USD, 45 fiber projects with 640.4 million USD, 3 fiber production projects with registered capital of 1.3 million USD.

Bài viết FDI inflows to textile and fiber projects reached US $ 1,546 billion with 184 projects đã xuất hiện đầu tiên vào ngày Công ty TNHH Thiết bị công nghiệp Gia Thịnh.

Electronics supporting industry: Vietnam needs leading enterprises

vina_admin — Tue, 18 Feb 2020 09:36:01 +0000

Why is the industry supporting the electronics industry … not so big?

Assessing the current situation and potential of Vietnamese supporting industry enterprises, at the seminar: “Where is the electronics support industry: Where to start?”, Organized by Labor newspaper 22.11, Ms. Do Thi Thuy Huong – Executive Member of Vietnam Electronics Business Association said that the potential of Electronic Supporting Industry in Vietnam is there. However, in Vietnam, in addition to focusing capital, high capital investment in electronics industry also needs to focus on labor.

Currently, the proportion of outsourcing in Vietnam is quite large, while the world countries focus on development research.

“Vietnam has a large labor force, but businesses still have some limitations such as small and medium scale, financial resources. capitalize on development.

Leading multinational enterprises such as Samsung, LG … have strict production management and quality management standards. They strictly regulate from the smallest category. And Vietnamese enterprises need to invest in technology, capital and technology support of the State, “said Do Thi Thuy Huong.

Mr. Nguyen Tien Dung – General Director of Hung Dung Co., Ltd said that, on the side of businesses, nowadays, there are not many electronic supporting industries, registered businesses and supply products. for the market is also very few.

“Honestly, we have not received much supportive information from the Government, or the assistance information has not yet reached businesses,” Mr. Dung said frankly.

Mr. Nguyen Tien Dung – General Director of Hung Dung Company Limited. Photo: Tô Thế

Analyzing the reasons why Japan and South Korea need 20 years to have a strong development of supporting industry in electronics industry, why in Vietnam it has not been done for 30 years, Assoc. Dr. Nguyen Duc Minh – Deputy Director of Electronics and Telecommunications Institute – Hanoi University of Technology stated that a business wants to participate in the global supply chain of products, the problem is that there must be something new. This must have technological know-how, otherwise forever behind. Enterprises need to innovate.

“In Japan and South Korea they developed because they found the nail product of Electronic Assistive Technology. In the electronics industry in Korea, their nail product is finding and creating Ram. Vietnam. can also learn to develop better, answer the question “why in Vietnam 30 years is still not done”, Mr. Minh said.

Assoc. Dr. Nguyen Duc Minh – Deputy Director of Electronics and Telecommunication Institute – Hanoi University of Science and Technology. Photo: Tô Thế

Vietnam needs leading enterprises

Talking about the solution for the support of Vietnam’s electronics supporting industries, Do Thi Thuy Huong – Executive Committee member of the Vietnam Electronics Business Association said that – supporting industry enterprises Vietnam needs to link production with high-tech FDI corporations.

“It is true that the close association between domestic and multinational enterprises (leading enterprises) is suitable for Vietnamese enterprises at present, Vietnamese enterprises have jobs on the spot. But in the long run, Vietnamese enterprises Vietnam-branded products are required, manufactured by Vietnam itself.

Ms. Do Thi Thuy Huong – Member of Executive Committee of Vietnam Electronics Business Association. Photo: Tô Thế

In fact, in Vietnam, a number of businesses have done this, with long-term cohesion. However, Vietnamese enterprises are only subcontractors, which have not yet become the main contractors. Leading enterprises also expect many Vietnamese enterprises to join them, but because Vietnamese enterprises are still limited, they cannot become main contractors, “Huong said.

Assoc. Dr. Nguyen Duc Minh – Deputy Director of the Institute of Electronics and Telecommunications – Hanoi University of Science and Technology, said that in the past 3 years, the electronics industry in Vietnam has become more substantive, Vietnamese enterprises such as Viettel and BKAV. , Vingroup … will be the leading enterprises, at that time, the demand for resources and know-how will be more abundant.

Bài viết Electronics supporting industry: Vietnam needs leading enterprises đã xuất hiện đầu tiên vào ngày Công ty TNHH Thiết bị công nghiệp Gia Thịnh.

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FDI inflows to textile and fiber projects reached US $ 1,546 billion with 184 projects

Electronics supporting industry: Vietnam needs leading enterprises