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Fdi in Vietnam Textile and Garment Industry

In: Business and Management

Submitted By ngoctramdinh
Words 13965
Pages 56
FDI in Vietnam Textile and Garment Industry
INTRODUCTION

1. Rationale of the Seminar The trend of internationalization of economic life is getting stronger in the whole world, which requires each country to exploit its advantages and apply to their particular conditions. Internationalization is creating many opportunities and countless challenges to the prosperity of every country. We can confirm that no country can exist without participating in the process of regionalization and globalization. To have rapid development, the country's economy have to take full advantage of the efficiency of the Foreign direct investment, which most countries consider as the most effective way to engage in the global competitive economy and effectively exploit the comparative advantages of the country. Vietnam has also implemented innovative reform of economical management mechanism under the motto "Vietnam wants to be friends with all countries on the basis of equality and mutual benefit". The accomplishments that we achieved on economic development, in general, and Vietnam Textile and Garment Industry, in particular, are highly appreciated with the great contribution of foreign direct investment. Vietnam Textile and Garment became one of 10 key export sectors of the country (ranked second only to crude oil), contribute greatly to the country's industrialization and modernization. Therefore, a comprehensive study of theoretical issues, evaluation of the practical results achieved in order to provide policy solutions to further improve the efficiency of foreign direct investment' operation in Vietnam's textile and garment are pressing issues today.
2. Objectives of the Seminar The purpose of this study is analyzing and assessing the status of foreign direct investment in Vietnam, in general, and textile sector, in particular, to see the achievements of activities of FDI for

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