VietnamCallie Gormley, Elizabeth Gunderson, Kayla Murray, Amanda Trickey, Cristina Villarreal

Why our company is best for you

Vietnam is the best choice for the production of polyester fiber because we are equipped to produce large amounts of polyester fibers.

With the joint venture of the Petro Vietnam group and Vinatex they have created a spinning plant that annually can produce 2,500 tons of fiber.

Vietnam has the leading technology in the industry to be a new leader in polyester production.

Vietnam: History

Socialist Republic of Vietnam

It is the easternmost country on the Indochina Peninsula located in Southeast Asia.

It is bordered by China, Logos, Cambodia, and the South China Sea

They became independent from Imperial China in 938 AD.

Efforts to resist the French eventually led to their expulsion from the country in the mid twentieth century. This left Vietnam divided politically into two countries.

Fighting between the two sides continued, with heavy foreign intervention, during the Vietnam War, which ended with a North Vietnamese victory in 1975.

Vietnam has the highest Global Growth Generators Index

PolyesterPolyester is a very versatile fiber and can used for an

array of products, from clothing to home furnishings. Polyester is also a synthetically made fiber thus the production of it does not depend on natural fibers.

Polyester is very durable, quick to dry, resistant to shrinking and stretching, wrinkle resistant, easily washed, and retains heat (pleats and being ironed). Polyester is also a low price point fiber.

Leading fiber production

Trans Pacific Partnership (TPP)

Australia, Brunei Darussalam, Chile, Malaysia, New Zealand, Peru, Singapore, Vietnam, and the United States.

The TTP agreement will enhance trade and investment among the TPP partner countries, promote innovation, economic growth and development, and support the creation and retention of jobs.

The United States is beginning to increase their production methods in Vietnam instead of being so heavily represented in China.

Association of Southeast Asian Nations (ASEAN) Free Trade Area (AFTA) and the U.S.-Vietnam Bilateral Trade Agreement (BTA)

USA and Vietnam Relationship

The United States is beginning to increase their production methods in Vietnam instead of being so heavily represented in China.

USA and Vietnam

The air travel (bird fly) shortest distance from United States to Vietnam is 13797.25 km= 8573.21 miles. If you travel with an airplane (which has average speed of 560 miles) between United States to Vietnam, It takes 15.31 hours to arrive.

Demographics

Life expectancy at birth was estimated at 77.1 years for women and 72.0 years for men, or 74.5 years overall.

The infant mortality rate was measured at 11.8 infant deaths per 1000 live births, just over two points above the nation's average for urban areas.

The city's immigration and emigration rates were measured at 2.8% and 1.9%, respectively, for a net migration rate of 0.9%

Hai Phong City, VietnamThe fiber factory is Pvtex which is located in

Hai Phong City, Vietnam.

third largest city in Vietnam, with a population of 1,884,685 according to the 2009 census.

Women make up 50.4% of Haiphong's population.

As of the 2009 census, Haiphong's average annual population growth rate was given as 4.0%. -Haiphong's birth rate was recorded at 18.1 live births per 1000 persons; the death rate was measured at 7.6 per 1000 persons.

Politics■Type: Single-party constitutional republic

(Communist Party)■Independence: September 2, 1945.■New constitution: April 15, 1992.

■Branches: Executive--president (head of state and chair of National Defense and Security Council) and prime minister (heads cabinet of ministries and commissions). Legislative--National Assembly. Judicial--Supreme People's Court; Prosecutorial Supreme People's Procuracy.

Administrative subdivisions: 58 provinces, 5 municipalities (Can Tho, Haiphong, Danang, Hanoi, Ho Chi Minh City).

Political party: Communist Party of Vietnam (CPV) with over 3 million members, formerly (1951-76) Vietnam Worker's Party, itself the successor of the Indochinese Communist Party founded in 1930.

PoliticsOver the past two decades, Vietnam has been one of

Asia’s fastest-growing economies, averaging about 7 percent growth a year, and per capita income has risen to $1,200 in this nation of 86 million people.

While the leadership has made it clear that it will not tolerate talk of multiparty democracy, it is “democratizing” its one-party structure with small changes toward a more participatory and pluralist system.

These changes may include an increasing number of candidates in local elections or direct election of some party officials who have previously been appointed.

Leaders

President Trương Tấn Sang (since 25 July 2011)

Vice-President Nguyễn Thị Doan

Prime Minister Nguyen Tan Dung

Textile Industry Until recently, China was the most common place for

the textile industry. But as Chinese wages soar, buyers are looking elsewhere. South-East Asia could be the next big thing.

More orders are shifting to lower-wage economies such as Cambodia and Vietnam, where garment factories are mushrooming.

Even Chinese firms are starting to outsource low-end clothes manufacturing to Vietnam

The textile industry in Vietnam has become one of the fastest-growing in Asia, thanks in large part to the country's recent entry into the World Trade Organization (WTO).

The nation historically has been strong in cut-and-sew operations, but it is now investing heavily in spinning and weaving.

Moreover, the Vietnamese government is highly supportive of the textile and garment sector, and there are strong incentives to attract foreign investment.

Growth in Imports/ ExportsAs a result of these reforms, exports expanded

significantly, growing by as much as 20%-30% in some years.

Exports accounted for about 70% of GDP in 2010.

Imports have also grown rapidly, and Vietnam has maintained a structural trade deficit, reaching $12.4 billion in 2010. Vietnam's total external debt, amounting to 39% of GDP in 2009, was estimated at around $27.93 billion.

Reference Page

http://www.distancefromto.net/distance-from/United+States/to/Vietnam

http://en.wikipedia.org/wiki/Hai_Phong

http://www.newyorktimes.com

http://www.state.gov/r/pa/ei/bgn/4130.htm

http://www.economist.com/node/18775499

http://www.vtgvietnam.com/

http://www.textileworldasia.com/Articles/2007/December_2007/Features/Vietnam.html

http://www.state.gov/r/pa/ei/bgn/4130.htm