Textile and garment sector hits over $19 bil of FDI over 30-year period

20-Nov-2019 Intellasia | VOV | 6:02 AM Print This Post

The total amount of foreign direct investment (FDI) capital invested into the country’s textile, dyeing, and garment industry has reached more than $19 billion across 1,383 projects during the three decades, according to the Vietnam Textile and Apparel Association.

Leading the way with FDI investment was the Republic of Korea with registered capital of $ 4,798 billion invested in 464 projects, followed by Taiwan (nearly $3 billion), Hong Kong (US$ 2,395 billion), China (US$ 2,116 billion), and the British Virgin Islands (US$ 1,607 billion).

Following these nations, a number of other countries, including Singapore, Samoa, Turkey, Japan, the Seychelles, and the United Kingdom, have actively invested in the Vietnamese textile and apparel sector with capital ranging from $350 million to $850 million.

Statistics indicate that FDI inflow into Vietnam’s textile and garment industry has seen a number of surge periods, most notably from 2015 to the present.

https://english.vov.vn/economy/textile-and-garment-sector-hits-over-us19-bil-of-fdi-over-30year-period-406327.vov

 


Category: Economy, Vietnam

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