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

VIETNAM has so far attracted 3,500 foreign direct investment (FDI) projects in the garment and textile industry with a combined value of US$37 billion, Vietnam News Agency reported Tuesday, citing the Vietnam Textile and Apparel Association.

The FDI accounts for 65 per cent 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. — Xinhua

Source- The Global New Light Of Myanmar