Home / Knowledge / News / Apparel/Garments / Vietnam garment sector receives no major FDI in H1
Vietnam garment sector receives no major FDI in H1
04
Jul '16
Vietnam's garment and textile sector has not received any major foreign direct investment (FDI) in the first half of this year, even though the country achieved more than $11.2 billion FDI during the period, according to the country's Foreign Investment Agency (FIA).
 
In 2015, Vietnam's garment and textile sector had attracted nearly $1 billion in FDI for three projects, namely Polytex Far Eastern (Taiwan), Hyosung Dong Nai (Turkey) and Worldon Viet Nam (Hong Kong).
 
The record high investment in the sector last year was due to the anticipated benefits that Vietnam would enjoy following new free trade agreements, especially the 12-member Trans-Pacific Partnership.
 
Some provinces have sounded caution this year while giving green signal for setting up of garment and textile companies as they may require large plots of land or may cause pollution.
 
Of the total $11.2 billion FDI received by Vietnam in January-June 2016, $7.5 billion came from 1,145 newly licensed projects, while the remaining was contributed by 535 already-operating projects, FIA said.
 
Manufacturing and processing industries continued to be the top sector for attracting FDI. It received over $8 billion towards 488 newly registered projects and 405 existing projects. (RKS)
 

Fibre2Fashion News Desk – India


Must ReadView All

Courtesy: Pexels

Fashion | On 23rd Jun 2018

Nigerian bank launches N1 bn fund for fashion entrepreneur

Nigeria’s Bank of Industry has set aside 1 billion Naira (N) to...

Courtesy: Tayal

Textiles | On 23rd Jun 2018

Tayal textile factory in Algeria starts exports to Turkey

Algeria’s largest textile factory, the joint Algerian-Turkish company ...

Courtesy: Manhattan Beachwear

Fashion | On 23rd Jun 2018

Manhattan Beachwear in global partnership with BCBG Group

Manhattan Beachwear, the largest swimwear manufacturer in the US, has ...

Interviews View All

Top executives
Textile industry

GST has levelled the playing field to an extent

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Top executives
Textile industry

Defining MSMEs on the basis of turnover makes it simpler to do business

Urmil Arya

Sushila International, a well established textile organisation established ...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search