New data shows that wholly foreign-owned enterprises continue to invest in Vietnam’s garment manufacturing industry based on potential expectations for the Trans-Partnership Partnership Agreement (TPP), but one of Vietnam’s leading economists has urged Vietnamese authorities to consider restrictions on textiles due to environmental concerns Quantity of ready-to-wear program.
The latest data from the Foreign Investment Bureau of the Ministry of Planning and Investment show that South Korea was rated as the largest foreign investor in Vietnam in 2014, with a total investment of US$7.32 billion, surpassing Hong Kong (US$3 billion) and Singapore (US$2.79 billion). and Japan ($2.05 billion). In 2014, the total foreign direct investment distributed in 54 provinces and cities in Vietnam reached US$20.23 billion.
The recently released new textile investment plan in Vietnam includes Vietnam Worldon (a supplier of brands such as Uniqlo, Nike, adidas and Puma), which announced that it will expand its production capacity in Ho Chi Minh City (formerly known as Saigon) and increase its investment capital by US$160 million. And South Korea’s Nobland also said it would invest an additional US$18 million in the city’s TanThoi Hiep Industrial Zone factory.
However, a respected economist in Vietnam believes that Vietnam is currently the fastest growing region in the world for garment production. Based on environmental considerations, he suggests that the Vietnamese government should consider limiting the number of textile garment projects. “It is very expensive to deal with environmental protection issues, which is something the government authorities cannot tolerate,” Pham Chi Lan said in Binh Duong province. PhamChiLan called on the authorities to consider limiting the number of textile and garment projects, and he was worried that investors may not be able to fulfill their commitments to environmental protection. ChiLan responded to reports that relevant departments in Binh Duong Province have recently received more than 200 application plans for the development of textile and garment industries. These applications require the establishment of industrial zones specifically reserved for the textile and garment industry.
In January this year (2015), the highly regarded writer George Black, writing for OnEarth Natural Resources Defense Council (Natural Resources Defense Council) magazine, made suggestions for Vietnam, which is currently at a critical moment in development: “At this moment, economic logic governs Vietnam’s prosperity. At a time when the developing garment industry is vertically integrated. It no longer makes sense for Vietnam to import 98% of its raw cotton, which is cut and sewn in about 6,000 garment factories. Textile factories and dyeing and finishing equipment have begun to be built, allowing Vietnam’s garment production to There is competition at almost every stage, not just at the cutting and sewing stage, and this is also the moment when garment production is connected to environmental and social risks that grow exponentially.”
Black suggested that Vietnam’s geography and topography make its rivers vulnerable. “Vietnam is a lanky country, 1,000 miles from north to south, but only 30 miles at the waist. As such, Vietnam’s waterways are subject to abuse by countries further upstream. In the vast Mekong River, which flows through five other The country later reached Vietnam, which is the basis for the survival and development of the Delta countries, but now plans to increase industrial development, which will consume the last 5% of the drainage of the vast 307,000 square miles of Mekong River.”