On April 26th, following the investigation and study of the Chinese-owned textile and clothing companies in Myanmar, Gao Yong, Secretary of the China Textile Federation Party Committee and Secretary General, went to Vietnam to inspect Chinese-owned textile and clothing companies. Inspected the Singaporean Industrial Park in Pingyang Province, Xurong (Vietnam) Company in Xining Province, Luthai (Vietnam) Company and the Fudong Industrial Park where the two companies are located.
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â–²Interview with Vietnam SIP Industry Park (VSIP)
Huang Rongfang, general manager of Xurong Group, warmly welcomed the delegation and shared the group's global strategic experience with the delegation.
Xu Rong (Vietnam) Company
At present, Xurong Group has 7 marketing sites, 6 manufacturing areas, 2 dyeing and finishing areas, 11 garment factories, 3 printing and dyeing plants, 4 weaving factories and 2 R&D centers in the world.
Located in the Fudong Industrial Park, Xurong (Vietnam) Co., Ltd. mainly produces knitted fabrics, half length and length of fiber. The total investment of the first phase of the project is about 65 million U.S. dollars, and 290 double-sided double-knitting machines will be equipped to achieve a monthly production capacity of 1,500-1800 tons.
The company has resolved the employment of 1,000 local people. It pays 11,000 million VND (equivalent to 5 million U.S. dollars) each year to the government, and the tax payment increases year by year.
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Xu Rong’s investment in Vietnam increased the GDP of Xining Province, brought employment opportunities, and drove the local economic development.
â–² Gao Shuji's party photo with Xu Rong, general manager of Huang Zhuangfangrong
Lu Thai (Vietnam) Corporation
In March 2015, Lu Tai (Hong Kong) Co., Ltd., a wholly-owned subsidiary of Luthai Group, invested 60,000 spindles and a yearly output of 30 million meters of yarn-dyed fabrics production line in the Fudong Industrial Park in Xining, Vietnam, with a total investment of US$150 million. Less than one year after the company's inspection and production, from the time the equipment was unpacked and put into production for 50 days, the factory has positioned the equipment for high-end positioning, with the characteristics of high degree of automation, high degree of environmental protection, and high level of equipment.
In November 2015, the company invested USD 3 million to establish Luthai (Vietnam) Garment Co., Ltd. in An Giang Province, Vietnam, with a production scale of 6 million shirts a year.
In August 2016, Lu Thai (Vietnam) Co., Ltd. was officially put into trial operation. The company's project was launched on schedule and 30,000 spindles of the second phase of spinning had been installed and commissioned. The second stage of 80 yarn-dyed machines was in normal operation. Up to now, the company's production capacity scale: spinning 62,000 spindles, 180 looms, production capacity of 1.3 million meters / month, providing more than 1,300 jobs for the local.
â–² Delegation visited Lutai (Vietnam) Company
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Vietnam Textile and Clothing Industry
At present, Vietnam has 6,000 textile and garment enterprises, employing 2.8 million people, which accounts for 3% of the country's total population. In 2016, the value of textile and garment exports reached 27 billion U.S. dollars, accounting for 17% of the total exports. The major markets were the United States (49%), the European Union (27%), Japan (10%), and South Korea (8%). Vietnam's zero-tariff and zero-quota cotton imports have certain comparative advantages for spinning mills investing in Vietnam. However, Vietnam has paid attention to environmental protection and tightened the issuance of relevant licenses for printing and dyeing enterprises.
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Vietnam Singapore Industrial Park (VSIP)
The Industrial Park is a joint venture between Singapore Sembcorp Industrial Park Co., Ltd. (a subsidiary of the Sembcorp Group of Temasek Holdings, Singapore) and Becamex of Vietnam, and currently has seven industrial parks in Vietnam. The VSIP in Pingyang Province visited by the delegation has been completed for 20 years, covering an area of ​​500 hectares and occupying 345 hectares in the second phase. The second phase of the expansion park was started in 2010 and covers an area of ​​1645 hectares with a total investment of 4 billion US dollars. The infrastructure of the park is perfect, and management services are very standard and professional. It is a five-star industrial park in Vietnam. Esquel Group, Far East, and Midea have all set up factories here.
Fudong Industrial Park
The industrial park is located in Xining and is invested by Vietnam's largest state-owned Vietnam Rubber Corporation (VRG). It is 55 km from Ho Chi Minh City and is accessible via MDC Bai International Checkpoints to Cambodia, Thailand and other Asian countries. The park has a total planning area of ​​3,285 hectares, of which 2,190 hectares are industrial land (one phase has been developed and the second phase has not yet been developed). A group of well-known Chinese backbone enterprises have set up factories in the park, such as Shenzhou, Xurong, Lutai, Blum, and Sai Lun, etc., and accounted for 70% of the industrial land in the first phase.
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