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Binh Duong sees foreign investment boom in garment sector

by VTV406 July 2015 Last updated at 10:56 AM

VTV.vn - Over 50 percent of the 1 billion USD in foreign direct investment in the southern province of Binh Duong was poured into the garment sector in the first half of this year, according to the provincial Department of Planning and Investment.

Binh Duong has granted an investment certificate worth 274 million USD to Polytex Far Eastern Company, under the Taiwan Far Eastern Group. As the Trans-Pacific Partnership Trade pact enters the final rounds of negotiation, foreign investors are making huge investments in Vietnam to take advantage of preferential export taxes.

In the first two quarters of this year, provincial garment export revenue reached over 904 million USD, rising 11.2 percent from the same period last year and accounting for 10.6 percent of total exports in the locality.

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