Garment and textile companies have been facing a decline in export orders. (Photo: SGGP)

Garment, textile industry sees decline in orders

With plentiful orders right at the beginning of this year, garment and textile industry set export target of US$40 billion for this year. However,  recently, orders have suddenly dropped drastically, concerning garment and textile enterprises.
Vietnam needs foreign direct investments in fiber, dyeing and raw fabric. (Photo: SGGP)

Garment, textile industry expected to lure much foreign investment this year

Many economic experts at the global textile and apparel supply chain conference held the first time in Ho Chi Minh City said that Vietnam will be an attractive destination for foreign garment and textile companies this year so the country must be cautious and selective about this capital source so as to avoid being applied trade protectionism measures by import markets.