Foreign garment, textile tech companies bank on Vietnam
Foreign companies providing technology solutions for textile, garment, and footwear production have been increasingly active in Vietnam, taking advantage of the expected growth of the industry. On July 7, French company Lectra announced the opening of its subsidiary Lectra Vietnam. “Vietnam is one of the most dynamic Southeast Asian economies. It is a top choice for manufacturers who focus on production cost and brands seeking to diversify supply. The Trans-Pacific Partnership agreement signed in February 2016 will reinforce the attractiveness of the country, where Lectra already has many customers, including very large Asian companies,” said Lectra’s CEO Daniel Harari.
