In the first half of 2016, Vietnam scored a total foreign direct investment (FDI) of US $ 11.2 billion, as stated by the Foreign Investment Agency (FIA), which is a significant surge of 105 per cent as compared to the investment received in the same last year.
Manufacturing and processing industries continued to be the top sector, receiving FDI of US $ 8.06 billion, comprising 71 per cent of the total FDI registered. However, there have not been any major investments in the garment and textile sector this year in comparison to the previous two years, when investment surged in the said sector. Just last year, the sector attracted up to US $ 1 billion in FDI for three major projects including Hyosung Đong Nai (Turkey), Polytex Far Eastern (Taiwan) and Worldon Vietnam (Hong Kong).
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Nguyen Hong Giang, General Secretary of Vietnam Cotton and Spinning Association, said the year 2015 marked a record high for investment in the sector as investors wanted to take advantage of opportunities presented by the new FTAs. He is positive that the decline in FDI in the sector is not a cause for concern because it is still receiving attention from foreign investors.
Expressing support, the Belgium Ambassador to Vietnam, Jehanne Roccas averred that garments and textiles would continue to receive attention from investors due to the advantages presented by export markets, lower tariffs and new investment flows.
Besides, the Vietnam Textile and Garment Association is of the opinion that foreign investors would continue to keep an eye on the sector in the future as well, due to agreements like TPP coming into effect, allowing T&C companies worldwide to better explore the potential of Vietnamese textile and apparel sector.
Bharat Tex Special Report 2026 
