Related Keywords: attend supply chain, Conference hosted by Vitas, current regulations affect investment and development strategies, Foreign direct investment, Local businesses lack funds, long payback period, low profit margin, mostly investors, need assistance mechanisms, Veitnamese businesses showing lack of interest in garment and textile material field
At a conference hosted by the Vietnam Textile and Apparel Association (Vitas) recently, economic expert said that Vietnamese businesses in the field of garment and textile material have been showing lack of interest due to low profit margin and long payback period.
They forecast that Vietnam now has 5,028 garment and textile businesses while the number of material suppliers is only 604. The material deficiency has created which is unlikely to improve in the next five years.
