Vietnamese city turns down textile investment - sportstextiles: Lea SportsTextiles

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Vietnamese city turns down textile investment

13/05/2015
The authorities in Da Nang in central Vietnam have turned down offers from overseas investors to set up textile projects valued at $200 million in the region, according to local reports.

Projects on offer in Da Nang included the production and dyeing of textiles and the construction of finished garments.

Reports say this is the latest in a series of announcements from local authorities in Vietnam saying they prefer not to accept new investment projects for labour-intensive industry. Decision-makers in Dong Nai and Ba Ria-Vung in the south of the country have made similar statements in recent weeks.

Rather than textiles, Da Nang has said it wants to focus on tourism and sustainable development, aiming to attract visitors to its beaches and to nearby historical sites.






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