Chinese and Israeli textile groups commit millions to Vietnam
China-based vertically integrate textile group Lu Thai Textile is planning to invest $150 million in facilities in Vietnam.
A number of Chinese and Taiwanese groups are planning new facilities in the country ahead of the signing of the Transpacific Partnership, which could give Vietnam considerable export advantages.
Lu Thai, whose customers include Uniqlo, describes itself as one of largest yarn dyed fabric producers, employing more than 20,000. It controls its supply chain, owning cotton farms, spinning, dyeing, weaving, finishing and sewing facilities.
An Israeli textile firm also undertaking the first stages of building a plant in Binh Dinh Province to make sportswear and underwear.
Delta Galil Industries is reportedly investing $13 million in the 18,000-square-metre production site.
