Related Keywords: did not receive any major FDI projects, last year sector attracted up to USD one billion in FDI, Polytex Far Eastern Taiwan and Worldon ViệtnNam Hong Kong, previously two years of surging investment, take advantage of opportunities presented by new FTA, three major projects including Hyosung Đồng Nai, Turkey, Vietnam garments and textiles sector
Vietnam’s garments and textiles sector this year did not receive any major FDI projects in the face of previously two years of surging investment in the industry. Alone last year, the sector attracted up to $1 billion in FDI for three major projects including Hyosung Đồng Nai (Turkey), Polytex Far Eastern (Taiwan) and Worldon ViệtnNam (Hong Kong).
According to Nguyễn Hồng Giang, general secretary of ViệtnNam Cotton and Spinning Association, the year 2015 marked a record high for investment in the sector as investors wanted to take advantage of opportunities presented by the new FTAs.
