BANGLADESH EXODUS LIKELY TO BENEFIT VIETNAM TEXTILE SECTOR
June 1st, 2013
VIETNAM’S textile manufacturing industry stands to gain as multinational garment companies look to distance themselves from Bangladesh in light of the collapse of Rana Plaza, the multi-story facility in the outskirts of Dhaka, which housed five clothing factories, in April.The catastrophic incident, which left over 1,100 people dead, has compounded Bangladesh’s hapless record for safety and triggered an exodus as brands seek more reliable manufacturing markets across Asia. With a clean track record regarding worker safety in the textile and garment industry, ...
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