More than 2,000 foreign businesses from 16 countries and territories worldwide have invested some 15.75 trillion USD in Vietnam’s garment and textile sector so far, according to Chairman of the Vietnam Textile and Apparel Association (VITAS) Vu Duc Giang.
Green, clean, energy-saving production is urgent to improve competitiveness of Vietnam’s garment-textile enterprises as each year the sector spends up to 3 billion USD on production energy, heard a workshop in Ho Chi Minh City on April 11.
The garment-textile sector is aiming growth of 10 percent in 2018 in spite of huge challenges in the global market, said Le Tien Truong, Director General of the Vietnam National Textile Garment Group.
More than 400 million USD in FDI have been pumped into the garment-textile sector in the southern province of Binh Duong after the signing of the Trans-Pacific Partnership Agreement.