Ross still sees plenty of Eastern promise: According to media reports, he inked an agreement Friday with the state-owned Vietnam National Textile Garment Corporation (Vinatex), based in the capital Hanoi.

FORBES: Billionaire Ross Weaves Textile Deal In Vietnam

And Indonesian textile firms are lobbying against the full implementation from next year of the free-trade agreement between China and the Association of South-East Asian Nations.

ECONOMIST: The rise of Chindonesia