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Update news cheap labour
Textiles are often regarded as one of Vietnam’s key export sectors with an average annual growth rate of 15% during 2010-2015. However, it is also faced with a range of challenges.
VietNamNet Bridge – The capital will have 13 more industrial parks (IPs) spread over 6,000 hectares by 2020, a 300 per cent increase in comparison with the current number of parks.
VietNamNet Bridge – Foreign investors have distributed US$1.12 billion in foreign direct investment (FDI) projects in Viet Nam during the first two months of 2014, up 6.7 per cent from one year ago,
VietNamNet Bridge – Vietnam’s gross domestic product (GDP) expanded 5.5 percent in the third quarter of 2013. Compared with the second quarter, the growth is 0.5 percent higher.
VietNamNet Bridge – Rising wages in Vietnam are prompting many foreign investors in labour-intensive industries to look to other countries with cheaper labour cost to make investments.