Qingdao Textile And Garment Enterprises Set Up Factories Overseas, And New Destinations Are Optimistic About ASEAN.

Benefiting from the preferential policies of China ASEAN Free Trade Area, Southeast Asia is becoming a new hot spot for Qingdao enterprises to set up factories overseas. I learned from the municipal commercial bureau that in August this year, 2 enterprises in Qingdao were investing in productive projects in Laos and Vietnam.

It is understood that these two clothing , textile The production enterprises will invest in factories and factories in Pingyang's science and technology environmental protection industrial park and the Vientiane Capital Industrial Park in Vietnam. They will be engaged in clothing and textile production and processing, with a total investment of 230 thousand US dollars, with an annual capacity of 1 million 700 thousand, and products will be exported to Southeast Asia and Africa.

Qingdao Business Bureau official said that since the completion of the China ASEAN Free Trade Area, Qingdao's investment projects in ASEAN countries have shown an increasing trend, especially in textile and clothing industries, which are affected by the domestic industrial structure adjustment. Up to now, Qingdao is in ASEAN A total of 52 projects were invested by the state, accounting for 10% of the total number of foreign investment projects in the city, with a total investment of 51 million 940 thousand US dollars.