Fitch Solutions believes that Vietnam, Myanmar and Cambodia are the Asian countries that have benefited most from the shift in the textile supply chain.
On July 13, Fitch Solutions released a report saying that Vietnam, Myanmar and Cambodia are the Asian countries that have benefited most from the shift in the textile supply chain. Accordingly, these three countries, together with Bangladesh, are likely to improve their position as suppliers to China, in addition to increasing their market share in North America and Europe.
Vietnam’s operational risk index reached 52.3 points, according to Fitch Solutions.
This is a high level compared to other countries in the region. The textile industry, therefore, is considered a bright candidate in increasing investment returns in the future.
Source: ndh.vn
- Vietnam to benefit most from global apparel manufacturing diversification
- Vietnam gets bigger slice of world export pie as companies leave China
- Fitch Ratings upgrades MB's international credit rating
- Fitch affirms ‘BB’ rating, positive outlook for Northern Power Corporation
- Fitch Solutions revises Vietnam’s 2020 GDP growth to 3%
- Fitch Solutions cuts Vietnam’s 2020 growth forecast to 2.6% from 3.0%
- How Vietnam becomes a hotter-than-ever destination in the wave of global shift away from China?
- Fitch affirms state-run PetroVietnam’s rating at BB with stable outlook
- Fitch Solutions forecast Vietnam to record real GDP growth of 3.0% in 2020
