Australia’s leading wool company Woolmark has embarked on a plan to help Vietnam’s garment sector produce woolen products and increase the sector’s competitiveness and profits. Speaking at a press conference in Ha Noi, Jimmy Jackson, GM at Australian Wool Innovation, announced the plans of Australian support to Vietnamese apparel sector in developing wool garment production and its sales in global markets. Jackson said Vietnam has a well-established textile and garment manufacturing industry, skilled human resources, and infrastructure. He added that Vietnam is also the second-largest clothing exporter to the US and the third to Japan. However, the competitiveness of Vietnam’s garments is being affected due to the absence of wool spinning plant.
Jackson said Australia’s Merino fleece wool would be suitable for Vietnam’s garment sector and help it to raise its competitiveness. He informed that Woolmark was investing Au$ 240,000 (US$ 227,000) in a Vietnamese project, which began in 2012, and experts have already transferred weaving and fleece wool production technology to Vietnam under the project.