Vietnam’s southern economic hub Ho Chi Minh (HCM) City’s industrial zones (IZ) and export processing zones (EPZs) in 2014 attracted 752 million U.S. dollars in investment, up 23 percent year-on-year, sources from the city’s Export Processing and Industrial Zone Authority (Hepza) reported.
This year HCM city has set a target to receive at least 700 million U.S. dollars in investment into its industrial zones (IZs) and export processing zones (EPZs).
Several foreign investors have poured money into major garment and textile projects in anticipation of the TPP, and Hepza plans to start work on the construction of tall workshops in industrial zones to accommodate more investors, said the official.
In 2014, domestic investment capital in the city’s IZs and EPZs surged 65 percent year on year, focusing on high-tech and environmentally-friendly industries such as manufacturing, fashion design, high- quality food processing and mechanical engineering, reported Hepza.
Tran Viet Ha, Head of Hepza Investment Management Office said that Vietnam would see a new wave of investment in the time ahead in the context of the expected conclusion of the Trans-Pacific Partnership Agreement (TTP) and the expanding global garment and textile market forecast to rise by 3.5 percent this year.
SGS has announced a complimentary webinar titled “Building Trust Through PFAS Conformity in Softlines,” scheduled to take place on January…
France has officially brought into effect a nationwide ban on per- and polyfluoroalkyl substances (PFAS) in textiles and footwear.
Materials start-up Ecogenesis Biopolymers has introduced a new thermoplastic polyurethane (TPU) filament for 3D printing that is derived from plants.
Loop Industries has announced a multi-year supply agreement with Nike, under which Nike will become a major customer of the…
D.O.N Co. Ltd., headquartered in Japan has announced the launch of VITAL BELT, described as the world’s first abdominal belt-type…
The North Face has introduced a new sustainable collection that focuses on everyday essentials designed for use beyond outdoor settings.