VIETNAM PREPARES GROUND TO ATTRACT CRUCIAL FOREIGN TEXTILE INVESTMENT
April 1st, 2016
THE VIETNAMESE textile industry and government is planning to overcome poor productivity and a serious shortage of textile and dyeing materials to better leverage Vietnam’s inclusion in the Trans-Pacific Partnership (TPP) trade deal.
According to an estimation by the Vietnam National Textile and Garment Group (Vinatex), Vietnam will need up to USD15 billion’s investment to bring its mills and dyeing houses to a point where local textile sourcing can facilitate compliance with the TPP’s rules of origins, as regards domestic sourcing. With foreign investors ...
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