Foreign direct investment (FDI) projects in the garment and textile sector in Vietnam have increased again, after a period of time most of the investors invested in textile and garment.

The textile industry welcomes only production projects

The project of embroidery sewing factory for textile and footwear of Amann Group (Germany) has just started construction in Tam Thang Industrial Park (Quang Nam), in which phase I has scale capacity of 1,000 tons per year. The investment capital of the first phase is USD 13.8 million.

With the production of auxiliary materials, the garment production chain will be gradually improved

As planned, the factory started production in June 2019, with 250 workers. The company will improve the professional skills of workers in the fields of dyeing, chemical textiles, mechanics ... through many training programs towards the fastest transfer of technology to Vietnamese workers.

Founded in 1854 in Germany, the Amann Group is one of the top three groups in manufacturing and distributing embroidery threads globally, serving the support industries in the fields of automation, sky, sportswear, apparel, bags, shoes ...

With its factory located in Vietnam, Amann Group is committed to producing high quality sewing threads in accordance with European standards, the standard of all Amann manufacturing facilities worldwide. This is how Amann ensures that customers receive consistent product quality anywhere in the world.

Recently, the industrial zones in Quang Nam are quite "graceful" with the investors of textile materials, especially the production projects only.

Prior to Amann, a South Korean investor, Rio Ferries Ltd., of South Africa, Rio Industries Co., Ltd. invested in a factory and a factory in operation. - Stable and efficient business, supplying raw materials only to enterprises in the industry and spare part for export.

Rio invested $ 12 million, located in Tay An industrial cluster (Duy Trung commune, Duy Xuyen district, Quang Nam province), with 4,440 tons of products per year, specialized in producing polyester thread, nylon thread and other kinds of sewing thread ...

Also in the group of auxiliary projects, in early 2018, a project to produce other materials of Japanese investors are also licensed to invest in Ha Nam. This is the project of Ha Nam YKK Factory, specializing in producing zippers, related products, raw materials for the garment industry, with the production scale 420 million products / year. This project has total investment capital of USD 80 million, in Dong Van III Industrial Zone (Duy Tien district, Ha Nam province).

As a manufacturer of zippers, which have a large market share in the world, YKK has been operating in Vietnam since 1998, specializing in manufacturing zippers for clothing, footwear, suitcases, plastic buckles for helmets and Some other auxiliary products. The manufacturer has chosen Vietnam as the new factory to increase its output to the global market.

Additional supply shortages

After many years depend almost entirely on imported raw materials, the textile and garment industry has more supplies such as sewing thread, cotton sheets, plastic buttons, mex, zipper, tape, label, bag ... from foreign and domestic investment projects, helping to reduce imports and increase export value for the textile and garment industry. As a result, in the first half of this year, imports of textiles and garments (excluding cotton, fiber and cloth) increased by nearly 4% compared with the same period of 2017, with a turnover of $ 1.975 billion.

Mr. Young S.Kwon, General Director of Rio Quang Nam Co., Ltd. said that the Rio plant only provides polyester thread, nylon thread and other thread and other sewing thread for quality in the domestic market. and export. Phase I of the production plant only belongs to the Rio Textile Company Limited, Quang Nam has products on the market since 2016, in which the output is both domestic market and export.

Accordingly, the first orders immediately after the factory went into operation was exported to Korea, and provide auxiliary products for domestic enterprises.

FDI projects investing in sewing thread contributed to the export of $ 1.208 billion in garment and textile materials in 2017 and is expected to increase sharply in 2019, when the Anman Group's only production project and the Ha Nam YKK zipper factory project came into operation.

With the production of auxiliary materials, the garment production chain will be gradually improved, at least with the auxiliary sector for export garment. On-the-spot supplies will significantly reduce dependence on imported buttons, chrysanthemums, mexs, zippers ... in large numbers, mainly from China.

These are all items of priority investment in accordance with Decision No. 68 / QD-TTg of the Prime Minister approving the program of supporting industry development in 2016-2025, including: sewing thread textiles and garments; chemicals, auxiliaries, dyes for dyeing finishing of fabrics; Garment accessories: chamois, mex, zipper, ribbon ...

According to nhabe.com.vn