Vietnam’s garment and textile export in the first nine months this year posted the lowest growth rate for the last ten years, reported Vietnam Textile and Apparel Association (Vitas). The down growth rate has been caused by import reduction from some major markets of Vietnam where have met with economic difficulties and the Britain’s exit from the EU.
Browsing: Vietnam’s Garment
Vietnam’s garment and textile export in the first nine months this year posted the lowest growth rate for the last ten years, reported Vietnam Textile and Apparel Association (Vitas). The down growth rate has been caused by import reduction from some major markets of Vietnam where have met with economic difficulties and the Britain’s exit from the EU.
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.