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With the signing of TPP and VN-EU FTA and once the agreement takes effect, Vietnamese garment and textile industry is expected to grow 50 percent in the first year and 20 percent in the following year, according to the Trade Promotion Department under the Ministry of Industry and Trade.
To take advantage of opportunities from free trade agreements such as the Trans-Pacific Partnership (TPP) and VN-EU Free Trade Agreement many foreign firms have recently sped up investment in garment and textile industry in Vietnam.
