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$400m invested into Binh Duong garment sector

by VTV422 April 2016 Last updated at 11:36 AM

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$400m invested into Binh Duong garment sector
VTV.vn - More than 400 million USD in foreign direct investment has been pumped into the garment and textile sector in the southern province of Binh Duong in addition to the billions already invested in 460 currently active projects.

According to the provincial Department of Industry and Trade, most of new apparel projects focus on support industries and fabric production, a positive indicator for the development of the domestic garment-textile industry. Meanwhile domestic businesses have received numerous orders from markets such as the US and Europe. Recently signed free trade agreements and TPP deal are forecasted to bring more orders to domestic apparel enterprises, increasing the flow of FDI into Binh Duong.