Since 2015, the foreign direct investment (FDI) in Vietnam’s garment and textile industry has witnessed a significant increase. And numbers too have been worth every attention!
The total FDI capital invested into Vietnam’s garment, textile and dyeing sector has crossed over US $ 19 billion across 1,383 projects and that’s happened in a span of 30 years. This was recently confirmed by the Vietnam Textile and Apparel Association (VITAS).
Notably most of the investment has been in the last decade.
And who all have been FDI pioneers in Vietnam!
Republic of Korea leads the way with capital investment of US $ 4.798 billion in 464 projects. That’s some number!
Taiwan closely follows with approximately US $ 3 billion and then comes Hong Kong (US $ 2.395 billion), China (US $ 2.116 billion) and the British Virgin Islands (US $ 1.607 billion).
Besides, one has also seen good investment in country’s garment and textile industry from countries like Japan, Singapore, Turkey, the Seychelles and the UK with the amount of investment ranging between US $ 350 million and US $ 850 million.
With Vietnam having signed FTA this year, the experts believe that the FDI will continue to surge in the coming decade.