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Vietnamese textile and garment cos leaving market due to unstable policies

Related Keywords: Foreign invested enterprises, held workshop, leaving market, not be able to enjoy preferential tariffs, pocket most of the money, requirements on origin of products, textile and garment companies, TPP, unstable policies of the state, Vietnam Chamber of Commerce and Industry, World Bank

At a workshop held by the World Bank (WB) and the Vietnam Chamber of Commerce and Industry (VCCI), Truong Van Cam, deputy secretary general of the Vietnam Textile and Apparel Association (Vitas) said that many textile and garment companies due to the state’s unstable policies are leaving the market.

According to analyst, the government seems to be too optimistic about opportunities to be brought to the textile and garment sector by TPP.

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