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Update news textile and garment
VietNamNet Bridge - Vietnam’s textile and garment industry needs $3.9 billion worth of machines for production, but domestic mechanical engineering companies cannot satisfy demand.
VietNamNet Bridge - What will happen if local authorities all turn down textile investment projects for fear of environmental pollution?
VietNamNet Bridge – Foreign-invested textile and garment projects are no longer welcomed in many provinces in Vietnam because the gains they bring are smaller than the losses.
VietNamNet Bridge - Local authorities have been warned to think carefully before welcoming more foreign textile and garment investors, as they could likely suffer in the future.
VietNamNet Bridge – At least four textile and garment Chinese companies have registered their large-scaled investment projects in Vietnam over the last month.
As predicted, the foreign direct investment (FDI) flow has been heading for the dyeing and textile sector, because investors can take full advantage of the tariff preferences Vietnam can enjoy.