HCM City attracts large investment in textiles

(VOV) -The garment sector made up 85% of the total investment capital HCM City’s indusial parks (IPs) and export processing zones (EPZs) have attracted in the first quarter of this year.

Statistics show these IPs and EPZs lured more than US$277 million in domestic and foreign investment in the past three months, a year-on-year increase of 92%.

Of the total, US$243 million was worth of foreign investment, representing a rise of 97% from a year ago.

The high-end textiles sector was the largest foreign investment attractor in the reviewed period. Some of the large investment projects include US$140 million Worldon Vietnam Co., Ltd.,and US$50 million Sheico VN Co., Ltd.