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ATTRACTING INVESTMENT FROM TEXTILE INDUSTRY

“Vietnam is estimated as one of the highest textile-growth countries in the world”.

Vietnam is one of five leading textile exporters with a market share of 4% -5%. Vietnam Textile industry is the leading economic sector of Vietnam, with exports contributing 10% -15% of annual GDP. According to data of the Viet Nam Textile and Apparel Association (VITAS), by the end of 2015, FDI into Vietnam’s textile and garment industry reached almost $ 2 billion.

In 2016, joining the Partnership Agreement Trans-Pacific Strategic (TPP) is a great opportunity for textile enterprises to promote exports to the large market (12 countries with over 600 million inhabitants) with tariff will be removed completely. For textile products exported from Vietnam are entitled to tax incentives under the TPP, enterprises must have the textile materials made in Vietnam, does not depend on imported materials. Therefore, investment in textile manufacturing in general and textile materials production in particular in Vietnam will increase dramatically in the future.

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VIGLACERA’S INDUSTRIAL PARKS ATTRACT TEXTILE INDUSTRY

1. Phu Ha IP – 350ha

Water supply:

– Water station: 30,000m3/day

– Surface water source: 5km from Red river

Wastewater treatment:

– Wastewater treatment Station: 20,000m3/day

Preferential CIT: 20%


2. Tien Hai IP – 446ha

Water supply:

– Water station: 15,000m3/day

– Surface water source: 7km from Tra Ly river

Wastewater treatment:

– Wastewater treatment Station: 20,000m3/day

Preferential CIT: 17%

3. Phong Dien IP – 284 ha

Water supply:

– Water station: 11,000m3/day

– Surface water source: 6km from O Lau river

Wastewater treatment:

– Wastewater treatment Station: 7,500m3/day

Preferential CIT: 17%