Related Keywords: boost Vietnamese export, channeled into material area development, compete and integrate effectively, financial support, fomr Bank for the Investment and Development of Vietnam, FTAs, potential destination for foreign investors, restructure, trade promotion and market expansion, Vietnam garment firms
With China scaling down its domestic production for export due to increasing labour and land costs, Vietnam is emerging as a potential destination for foreign investors. This opportunity requires Vietnamese enterprises to restructure if they want to compete and integrate effectively.
The Bank for the Investment and Development of Vietnam (BIDV) has committed to offer the Vietnamese garment firms financial assistance of 2 billion USD over the next five years, this was stated BDIV Chairman Tran Bac Ha during a workshop held on September 30.
