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Published on Wednesday, 09 December 2015

Could Vietnam become China’s “technology landfill?”

Written by John Mowbray

PromesaStudio, Deposit photos

HO CHI MINH - Vietnam's main textile trade body says it expects the country's garment and textile exports to expand by more than 10 per cent per annum between now and 2020, with the industry expected to generate revenues of US $50 billion by 2020. However, concerns continue to be raised that China is exporting obsolete and polluting textile-garment technology which could turn Vietnam into a "technology landfill." Statistics from the Ministry of Planning and Investment in Vietnam show the country received an estimated US $11.8 billion in actual foreign direct investment (FDI) in the first 10 months of 2015, up 16.3 per cent from the corresponding period a year earlier.