Vietnam's textile industry has attracted a total of US$5.4 billion in foreign investment

by:JIYALI     2021-08-06
According to a recent report by Vietnam’s “Material News”, the Vietnam Textile Association stated that up to now, the Vietnamese textile industry has attracted a total of US$5.4 billion in foreign direct investment (FDI).   According to the report, Taiwan of China ranks first among countries and regions in investment in Vietnam’s textile industry, with an agreement amount of approximately US$2.3 billion, followed by South Korea (US$1.6 billion) and Hong Kong, China (US$400 million).   According to reports, in 2007, Vietnam’s textile industry approved 76 new FDI investment projects with an agreed amount of US$388 million.   It is reported that the reason why Vietnam's textile industry did not attract much foreign direct investment last year was that foreign companies were worried that the further US oversight of textiles from Vietnam might cause Vietnamese textile companies to be subject to anti-dumping investigations.
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