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Vietnamese textile sector attracts FDI of more than $750mn in H1

Related Keywords: account for a mere three percent, EU market, in the first six months this year attracted foreign direct investment, more than USD Seven hundred fifty million, reduced number of FDI projects. US withdrawal from the TPP, Vietnam Textile and Apparel Association, Vietnamese textile and apparel industry, Vietnamese textile and apparel products

The Vietnamese textile and apparel industry in the first six months of 2017 attracted foreign direct investment (FDI) of more than $750 million, despite a reduced number of FDI projects in recent years and the US withdrawal from the Trans-Pacific Partnership (TPP) last January. At the moment, Vietnamese textile and apparel products account for a mere 3 percent of the EU market.

Except for the notable $220 million Chinese investment in a polyester synthetic fibre plant in the southern province of Tay Ninh, capital flows comprise mostly capital expansion investments in existing projects.

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