Textile-garment enterprises investing in materials to take advantage of FTAs

11/06/2021 17:37 11

Textile-garment enterprises investing in materials to take advantage of FTAs


Despite COVID-19 cutting into demand for textiles and garments, enterprises have poured investment into materials to improve production capacity, completing the supply chain and taking advantage of new generation free trade agreements (FTAs) that have come into effect.

Hanoi (VNA) - Despite COVID-19 cutting into demand for textiles and garments, enterprises have poured investment into materials to improve production capacity, completing the supply chain and taking advantage of new generation free trade agreements (FTAs) that have come into effect.

“Vietnam has become an important link in the global textile and garment supply chain, so businesses will continue to pour capital into increasing production capacity and take advantage of market opportunities from FTAs,” Vu Duc Giang, President of the Vietnam Textile and Apparel Association (Vitas), was quoted by the Dau tu (Investment) newspaper as saying./.

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