Related Keywords: AGTEK, due to limitations in capital, foreign investment continue increasing, India to include part of its investment, local small size firm, not fulfill requested orders, projects to manufacture textile and garment materials, take advantage of TPP, Vietnam textile and garment market, Vitas, Wave of merger and acquisition on rise
Vietnam has issued investment licences for 30 textile and garment projects in 2015 while foreign investment in industry was expected to continue increasing in the near future. A wave of mergers and acquisition has increased in the local garment and textile industry in a bid to take advantage of free trade agreements, especially the Trans Pacific Partnership (TPP), as the local enterprises are aware that they would not fulfill requested orders due to their limitations in capital, according to the HCM City Association of Garment - Textile - Embroidery - Knitting (AGTEK).
