Vietnam attracts 3,500 FDI projects in garment, textile sector-Xinhua

Vietnam attracts 3,500 FDI projects in garment, textile sector

Source: Xinhua

Editor: huaxia

2024-10-01 16:50:15

HANOI, Oct. 1 (Xinhua) -- Vietnam has so far attracted 3,500 foreign direct investment (FDI) projects in the garment and textile industry with a combined value of 37 billion U.S. dollars, Vietnam News Agency reported Tuesday, citing the Vietnam Textile and Apparel Association.

The FDI accounts for 65 percent of the sector's total export turnover, said the report.

Many large FDI corporations have poured money into building modern garment and textile factories in Vietnam, according to the association.

Experts said building technical standards and laws pertaining to energy conservation and environmental protection should be given careful consideration. This will lay a strong foundation for the industry's sustainable growth.

Vietnam's garment and textile industry has targeted an export value of 44 billion dollars this year.