Swedish machinery
manufacturers are exploring the Vietnamese market. These companies have leading
edge production equipment and technology and are all well-established leaders in
various areas of textile manufacturing process. The companies offer a unique
combination of production expertise, textile manufacturing knowledge, and
superior products and services.
They are the
perfect match for the Vietnamese textile industry. They are a relatively small,
tight knit group of companies, each specializing in a different key areas along
the manufacturing process. Their size gives them flexibility and they work
closely with customers, listen and adapt quickly to their changing needs.
Vietnam is
emerging as the new global production center of textile products. Vietnam has
been identified as a hub for the Asian textile industry in the next decade. The
main reason for this is the increasing cost levels in China, causing many
textile and garment brands to relocate in Vietnam. Sweden is bringing
world-leading innovative expertise of smart industries into Vietnam, which will
make Vietnam highly competitive globally.
Production in
the Vietnamese textile and clothing industry is expected to increase by an
average of 12 per cent to 14 per cent between 2016 and 2020. Exports are
expected to reach 50 billion dollars by 2020.
Source: Times Of Swaziland, Swaziland Friday, 10 November 2017