VIETNAM LOOKS TO TPP TO BOOST ITS TEXTILE MARKET SHARE SAYS INDUSTRY ASSOCIATION
February 1st, 2016
VIETNAM as almost a “sole supplier of textile products” among Trans-Pacific Partnership (TPP) member countries is banking on the TPP deal to expand its textile market share, according to VITAS - the Vietnam Textile and Garment Association. Moreover, a spokesperson from the association said that “many Hong Kong, South Korean, and Australian firms are developing and planning major textiles FDI [foreign direct investment] in Vietnam to produce yarn and fabric, the supporting textiles industry for apparel production.”
Investors are eyeing Vietnam because it ...
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