Vietnam has seen a significantly growing inflow of investment from the US in the textile and garment sector in recent years, in anticipation of the Trans Pacific Partnership (TPP). A supplier of dyes and chemicals, Huntsman Textile Effects under the US-based Huntsman Group, is one of the many US investors in Vietnam that hopes to tap into the potential of the textile and garment sector.

Just after six months of operation, the warehouse, located in the Long Binh Industrial Park in the southern province of Dong Nai is operating at its full capacity of 250,000 tonnes. According to President of Hunstman Textile Effects Paul G Hulme, the warehouse aims to help the company cut down on delivery time, and added that it is expandable to meet the domestic market demands in the context of the TPP becoming effective.

Early this month, Avery Dennison RBIS under the US Avery Dennison Group inaugurated its factory in the Long Hau Industrial Park in the Mekong Delta province of Long An with a total investment of $30 million. According to the Group, the hi-tech factory aims to provide label solutions to renowned names in the domestic market, such as Uniqlo, North Face, Nike, or Adidas.

Director General of Avery Dennision RBIS, Deon Stander said the investment aims to contribute to the development of the textile and garment sector as well as the domestic market. The TPP will boost textile and garment production in Vietnam, thus facilitating the growth of the Long An-based factory by 2020, he commented. In July 2015, Avery Dennision RBIS established a distribution centre in Binh Tan District, Ho Chi Minh City, while building the factory in Long An simultaneously.