FDI flow into garment and textile sector bounces back

  • Producing silk fibre for export at the 100% German-invested Da Lat Fibre Co. Ltd in the Central Highlands of Lam Dong. VNA Photo: Vũ Sinh
    Producing silk fibre for export at the 100% German-invested Da Lat Fibre Co. Ltd in the Central Highlands of Lam Dong. VNA Photo: Vũ Sinh
  • Producing silk fibre for export at the 100% German-invested Da Lat Fibre Co. Ltd in the Central Highlands of Lam Dong. VNA Photo: Vũ Sinh
    Producing silk fibre for export at the 100% German-invested Da Lat Fibre Co. Ltd in the Central Highlands of Lam Dong. VNA Photo: Vũ Sinh
  • Producing silk fibre for export at the 100% German-invested Da Lat Fibre Co. Ltd in the Central Highlands of Lam Dong. VNA Photo: Vũ Sinh
    Producing silk fibre for export at the 100% German-invested Da Lat Fibre Co. Ltd in the Central Highlands of Lam Dong. VNA Photo: Vũ Sinh
The flow of foreign direct investment (FDI) into the Vietnamese garment and textile sector has rebounded thanks to the country’s sound investment climate and abundant workforce as well as its open economy, according to insiders. Chairman of the Vietnam Textile & Apparel Association (VITAS) Vu Duc Giang said foreign garment and textile producers are expanding their operations in Vietnam to take advantages in the Vietnamese market. In Quarter 1 of 2024, Vietnam gained nearly 8 billion USD from garment and textile export revenue, with FDI firms contributing over 60% of the total. VNA Photo: Vũ Sinh

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