The total amount of foreign direct investment (FDI) capital invested into Vietnam’s textile, dyeing, and garment industry has crossed $19 billion during the last 30 years involving 1,383 projects, according to the Vietnam Textile and Apparel Association. South Korea led the countries with a registered capital of $4,798 billion invested in 464 projects.

South Korea was followed by Taiwan (nearly $3 billion), Hong Kong ($2,395 billion), China ($2,116 billion) and the British Virgin Islands ($1,607 billion), according to Vietnamese media report.

Several other countries, including Singapore, Samoa, Turkey, Japan, the Seychelles, and the United Kingdom, have also actively invested in the Vietnamese textile and apparel sector with capital ranging from $350 million to $850 million.

Published On : 22-11-2019

Source : Fibre 2 Fashion