Vietnam’s Garment Industry – Origins and Future Prospects

Dung Phuong

International Journal of Science and Business, 2017, vol. 1, issue 3, 103-112

Abstract: This paper investigates the origin and future of Vietnam’s garment industry. Recent research has shown that garments business have been shifting from china to Vietnam because in Vietnam, comparatively labor costs are more cheaper than china. The rearrangement of production amenities to Vietnam – with strong government support to the garments industry, increasing exports if textile product, strong trade relations and selected goals have helped to expand of textile and apparel industry in Vietnam. According to purchasing power parity (PPT) Vietnam is the 35th largest economy in the world. Vietnam is a member of ASEAN, WTO and APEC. Garments industry have a great impact in Vietnam’s economy. Vietnam’s economy is growing day by day. This paper in exploratory in nature that will explore the impact of garment industry in Vietnam’s economy.

Keywords: Garment; production; Industry; Prospect; economy (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:aif:journl:v:1:y:2017:i:3:p:103-112

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