Vietnam has become an important production base for Taiwan's textile industry, with many Vietnam-bound investments seeing growth in output value and profits, an industry representative said Sunday.
Many of Taiwan's textile enterprises that have invested in China have transferred their investments or moved their investment focus from China to Vietnam to diversify operational risk and reduce production costs due to operational difficulties stemming from China's increasing labor costs, the rising renminbi exchange rate, and the more and more strict environmental laws and regulations in China.
Compared with China, Vietnam is attractive for investors because of its large population, abundant labor force, highly skilled workers, and relatively low labor costs. Its entry into the World Trade Organization last year has made the country a preferred investment destination for foreign investors
more info->Taiwan's textile industry builds production base in Vietnam - February 10, 2008 Sunday 7:28 PM TST - Manufacturing Business Technology:
Many of Taiwan's textile enterprises that have invested in China have transferred their investments or moved their investment focus from China to Vietnam to diversify operational risk and reduce production costs due to operational difficulties stemming from China's increasing labor costs, the rising renminbi exchange rate, and the more and more strict environmental laws and regulations in China.
Compared with China, Vietnam is attractive for investors because of its large population, abundant labor force, highly skilled workers, and relatively low labor costs. Its entry into the World Trade Organization last year has made the country a preferred investment destination for foreign investors
more info->Taiwan's textile industry builds production base in Vietnam - February 10, 2008 Sunday 7:28 PM TST - Manufacturing Business Technology:
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