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Delegation from Canaintex to visit Vietnam’s garment-textiles sector

YarnsandFibers News Bureau 2016-08-24 12:00:00 – Saigon

A delegation from the National Chamber of Textile, Industry of Mexico (Canaintex) is scheduling visit Vietnam the second biggest garment-textile supplier of the US from 27-28 August to explore the garment-textile sector.

During the visit, the delegation plans to visit seven factories and one industrial zone to study the process of making fiber and apparel products.

According to the Chamber, the Trans Pacific Partnership agreement, once effective, will allow Vietnam to ship its garment-textile products to more markets, particularly the US.

In the first half this year, the figure hit 4.29 billion USD, up 5.93 percent from the same period last year.

Statistics show that Vietnam shipped to the US 11 billion USD worth of garment-textile products last year.

While, Mexico's textile and clothing industry has undergone profound structural changes over the last ten years, becoming a major source of revenue and employment.

Over 17,000 companies are now active in the clothing and textile sector in Mexico. The clothing industry accounts for 82% of these companies, while the other 18% concentrate on the production of textiles. Of the 17,000 individual companies, some 5% are recipients of foreign direct investment (FDI).

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