According to Vietnam's textile businesses, this move will not affect the development of the market, since Vietnam has already had a strong wave of foreign investment into the industry. TPP will bring advantages for Vietnam if ratified by member countries, but in the context of the TPP being abolished, the textile business will not narrow its production since the textile market is quite large. Vietnam remains attractive to investors due to its open economy, there are many agreements with 0% tax rate from the WTO and FTA. This will be a opportunity for textile enterprises to actively prepare for the complete supply chain, increasing competitiveness and adding value for Vietnam's textiles.
