Alar To Build Cotton Reserve Logistics Park To Promote The Development Of Spinning And Clothing Industry

Alar city cotton reserve logistics park construction project signed in Alar economic and Technological Development Zone, marking the alar city.

The development has taken a substantive and critical step.

After the project is put into use, it will promote the development of the textile industry in Alar City and reduce the operation cost of the textile enterprises, so as to provide raw cotton supply guarantee for the construction of the 3 million spindles textile industrial city in Alar City during the "13th Five-Year" period.

On the above, alar economic and Technological Development Zone Management Committee and first division cotton and hemp Co., Ltd. signed the cotton reserve logistics park project in Alar City.

The agreement stipulates that the project covers an area of 820 mu, with a total investment of 160 million yuan, of which 120 million yuan is fixed assets investment.

The contents of the project include office area, storage area, freight area, etc.

Trade exhibition area and supporting facilities.

The project will be completed in two phases. The first phase of investment will be 80 million yuan, which will be completed and put into operation before October 31, 2016. The two phase of investment will be 80 million yuan, and it will be completed and put into operation before December 31, 2018.

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In February this year, negotiations on the TPP (p Pacific Partnership Agreement) were finally over, and 12 member states signed the agreement, which will take effect as soon as possible in the next 2017 years. It will be the largest regional integration economy in the Asia Pacific region.

Vietnam is one of the 12 member states of TPP. It is not only the first stop for Taiwanese businessmen to enter the ASEAN Association, but also the springboard for Taiwanese businessmen to take advantage of TPP.

In 2008, Taiwan was once the largest investment area in Vietnam. Until now, Taiwan businessmen is still the fourth largest investment area in Vietnam.

According to statistics from the investment department of the Ministry of economic affairs, in 2015, the total amount of investment in Vietnam reached 1 billion 220 million US dollars, which was 89.8% higher than that in Taiwan.

Taiwanese investment in Vietnam is mostly traditional industries, including garment, textile, footwear and food processing industries. Many enterprises have factories in Vietnam, including Baocheng group, Tainan textile, United Group, and Dan Dan enterprise.

Compared with other ASEAN countries, Taiwanese businessmen have more advantages in Vietnam. For example, they are also deeply influenced by Chinese culture. They also celebrate Mid Autumn Festival, Spring Festival and Dragon Boat Festival. Their diet is closer to Taiwan.

More importantly, 60% of the population is below the age of 35, and the domestic demand market with nearly one hundred million people. Not only does the products produced by Taiwan funded enterprises export, but also has huge consumption of domestic demand.

In the investment market, Morgan Pauline Ng, a fund manager of the ASEAN Fund, said that the International Fund's enthusiasm for Vietnam was slightly cold this year. So far, a small net outflow of $110 million has been achieved. However, many foreign investors are quite optimistic about the performance of the Vietnamese stock market this year, and the base period of the Vietnamese stock market is low, and the future market intends to overweight the Vietnamese market. "Ng"