A number of yarn, weaving and dyeing projects in Vietnam have restarted after a period of postponement due to the US withdrawal from the Trans-Pacific Partnership (TPP). However, the textile & garment industry still faces difficulties.
Browsing: Foreign Investment Agency
The total foreign direct investment (FDI) registered in Vietnam in the first half of the year reached more than $11.2 billion, the Foreign Investment Agency (FIA) said. This is a significant surge of 105 per cent against the same period last year. Of the total, $7.5 billion came from 1,145 newly licensed projects, representing an yearly increase of 95 per cent in capital and 56 per cent in the number of projects.
New figures suggest foreign-owned businesses are continuing to ramp up their investment in Vietnam’s garment manufacturing sector in anticipation of the potential Trans-Pacific Partnership (TPP) ´ yet one of the country’s leading economists has urged Vietnam’s authorities to consider restricting the number of textile and garment projects due to environmental concerns.