With its series of recent free trade agreements, Viet Nam is becoming very attractive to foreign businesses, especially in the textile and garment sector.
The textile and garment sector enters the second quarter (Q2) of this year with promising signs from new import markets, said General Director of the Viet Nam Textile and Garment Group (Vinatex) Le Tien Truong.
Viet Nam''s local garment industry, which until now did not have much of a
role to play, has revamped its production process to join the global
supply chain, experts said.
The country''s total export and import turnover reached US$88.4 billion
by April 15, a year-on-year increase of 13.9 per cent, according to the
General Department of Viet Nam Customs.
Vietnamese garment and textile companies are targeting total export
turnover of an estimated US$3 billion to South Korea this year, Viet Nam Investment Review reported yesterday.