Related Keywords: affecting fiber manufacturer, cotton and polyester filament prices, decreased sharply, equal to total domestic investment, FDI has increased sharply, increase production of input material, plans a productivity increase, Vietnam textile and garment sector, Vietnam to attract other market, Vinatex, Vinatex remains pessimistic about the new year
Vietnam will be able to attract other markets only when Vietnam can increase the production of input materials said Hoang Ve Dung, deputy general director of Vinatex. Although Foreign direct investment in the textile and garment sector of Vietnam has increased sharply recently. A report shows that FDI capital registered in the last year reached $1.5 billion, equal to total domestic investment.
The Vietnamese textile and garment companies have to slash selling prices to compete with rivals from China, India and Malaysia.
