VN firms invest in textile, dyeing

Many textile and garment enterprises are investing in textile and dyeing complexes to ensure material for sustainable development, Vietnam Television reported recently. To avail themselves of business opportunities from the Trans-Pacific Partnership agreement, many textile and garment firms have over the past two years started building textile and dyeing complexes. For instance, 10 enterprises have invested hundreds of millions of US dollars in those complexes in southern Bình Dương Province. However, US President-elect Donald Trump said his country would leave the TPP but investment to those industrial complexes would still continue for long-term development strategies. Esquel Garment Manufacturing Việt Nam Co Ltd has operated in Việt Nam for 10 years and mainly imported material from China. In 2015, the company invested in a textile and dyeing factory in Bình Dương partly for availing business opportunities from the TPP. The factory has completed construction of the building in the first stage and it will begin operations in a year.

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