News Tags

Related Keywords: Billion Vietnam polyester synthetic fiber plant, China become second largest FDI contributor, Chinese investors during the period include, Foreign Investment Agency, increasing foreign direct investment from China, investment of USD two hundred twenty million, Ministry of Planning and Investment, Vietnam in the first two months of this year

Vietnam in the first two months of this year (2017) has seen an increasing foreign direct investment (FDI) from China, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

Specifically, in January-February period, Chinese investors have registered to implement 123 projects and 174 times of share purchase. Some typical projects by Chinese investors during the period include Billion Vietnam polyester synthetic fiber plant (with investment of 220 million US dollars) in central Tay Ninh province.

Related Keywords: and support industries for the textiles, economic zones, enticed projects, focus mainly on luxury garment production, garment factory in Bắc Ninh, large number of foreign investors, Ministry of Planning and Investment, Vietan industrial parks, Việtnam-Singapore Industrial Park

Vietnam’s industrial parks and economic zones enticed 305 projects covering over 84,000 hectares and 16 economic zones covering 814,792 hectares of water and land during the first quarter with a large number of foreign investors, reported the Department for Economic Zones Management.

Related Keywords: 20 new project, FDI, FDI firm, Foreign invested enterprises, growing, into Vietnamese textile industry, Ministry of Planning and Investment, pouring capital, textile-garment export revenue, Vietnamese enterprises, Vitas, warned expanding gap

The number of foreign-invested enterprises (FDI) pouring capital into the textile industry is growing quickly. This year, in the past 10 months local governments have given approval for almost 20 new projects of FDI firms, according to the Ministry of Planning and Investment.

However, the Vietnam Textile and Apparel Association (Vitas) has warned of the expanding gap between FDI and domestic firms in the textile-garment sector.