Vietnam will usher in a new round of foreign investment in the textile industry

According to a report by “Vietnam Investment Review” on August 20: Data from the Foreign Investment Bureau of the Ministry of Planning and Investment of Vietnam show that in the first seven months of 2015, the textile industry ranked second in the ranking of industries attracting foreign investment in Vietnam, attracting 11.2% of foreign investment. billion, exceeding 20% ​​of the total. Among them, a Turkish textile company spent US$660 million to set up a factory in Dong Nai Province, Vietnam, which is the largest project in the textile industry this year. The other two larger projects are a garment accessories processing factory in Binh Duong Province and a textile factory in Tay Ninh Province, with investments of US$274 million and US$161 million respectively. The report believes that with the increase in Vietnam’s participation in and signing of free trade agreements, Vietnam will usher in a new round of foreign investment in the textile industry.