Vietnam's garment and textile industry attracts $37bn FDI, 65% of sector's export turnover, aiming for $44bn in 2024.

Vietnam's garment and textile industry has garnered 3,500 foreign direct investment (FDI) projects valued at $37 billion, constituting 65% of the sector's export turnover, as reported by the Vietnam Textile and Apparel Association. The industry aims for a $44 billion export value in 2024. Experts recommend enhancing technical standards and environmental laws to promote sustainable growth amid rising FDI from countries like South Korea, China, and Japan.

October 01, 2024
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