Vietnam

Numerous foreign textile and garment firms are pouring investments into Vietnam hoping to position themselves to take advantage of several pending foreign trade deals, including the pending Trans-Pacific Partnership (TPP), and the EU-Vietnam Free Trade Agreement (FTA). Several major companies in places like Hong Kong and South Korea have already constructed multi-million dollar production facilities in the country and it is expected that this trend will continue in the coming months. Vietnamese officials say that textile and garment exports could top US$28 billion this year. (Voice of Vietnam)