Friday, March 28, 2014

WELCOME TO VIETNAM INVESTMENT IN THE TEXTILE SECTOR

WELCOME TO VIETNAM INVESTMENT in the textile sector

For the first time in Vietnam on June 2 in Ho Chi Minh City will be held a meeting on investment in the textile industry. Expected to be about 30 foreign and local banks and financial institutions, as well as about 150 Vietnamese textile and garment manufacturers and foreign equipment suppliers to take part in the meeting. Vietnam#39;s textile industry needs almost $ 1 billion for the modernization and improvement of technology.


During the meeting equipment suppliers from the United States, Coker International and various foreign banks such as Exim Bank, Citi Bank and the Hong Kong and Shanghai Banking Corporation will be required to provide the Vietnamese textile workers loans totaling U.S. $ 250 million a year, according to fibre2fashion.