Keyword: "garment and textile"

The Vietnam International Garment and Textile Industry Exhibition - VTG 2024 - will take place in Ho Chi Minh City from September 25 – 28.

Drastic institutional reforms are needed to create firm ground for economic growth in the context that persistent challenges, both external and internal, still cloud the growth prospect, experts have said.

Vietnamese garment and textile enterprises are actively developing their brands, with many of them building strategies to expand their reach to the global market.

Despite the gloomy gloomy outlook of the global economic, Vietnamese exporters of yarn, garment, textile, and leather shoes are still seeing a brighter future as robust signs are looming on the horizon.

With the import-export value from January to mid-October reaching roughly 523 billion USD, Vietnam racked up a balance of trade surplus of over 22 billion USD.

Vietnam exported 4.94 billion USD worth of goods to Cambodia in the first 10 months of this year, up 25.6% year on year, higher than the figure recorded in the whole 2021, according to the General Department of Vietnam Customs.

Vietnam’s high-quality garment and textile sector should focus on improving its position in the supply chain and expanding scale, Chairman of the Vietnam National Garment and Textile Group (Vinatex) Le Tien Truong has said.

The northern province of Thai Binh has applied measures to boost the development of its industrial sector and support industry in particular, focusing on industries supporting garment and textile and mechanical engineering, as part of efforts to become a locality with strong industrial growth in 2025.

The EU, the US, the Republic of Korea (RoK), China and Japan account for 90 percent of Vietnam’s garment and textile export turnover. The decrease in demand from these markets due to the COVID-19 epidemic will greatly affect Vietnamese businesses.

Whether Vietnamese enterprises can cash on the opportunity brought by the CPTPP to increase exports of garments, footwear, timber products, and beverages depends on their preparation, experts said.

Leaders of the Mekong Delta province of An Giang on November 26 had a working session with representatives from the industrial park (IP) investment promotion association of the Republic of Korea (RoK) on developing smart IPs in the locality.

Investors from Hong Kong (China) are increasing their capital in Vietnam to grasp opportunities brought by trade and investment agreements inked between the two sides.

Five commodities had export values exceeded 1 billion USD in August, according to the Ministry of Industry and Trade.

The southern province of Dong Nai earned 4.3 billion USD from export in the first quarter of 2018, up 12.3 percent over the same period last year, according to the provincial Department of Planning and Investment.

Total import-export revenue of Vietnam is estimated at 38.8 billion USD, a surge of 36.8 percent over the previous month, according to the General Department of Vietnam Customs.

More than 100 representatives of Vietnamese, Mozambican and Swazi enterprises have gathered at a recent meeting in Mozambique’s capital of Maputo to seek closer partnership, especially in import-export, mining, agro-forestry product processing, telecommunications and civil construction.

Vietnam’s food and beverage exports to the US are growing and likely to do so for many years, but manufacturers need to be aware of that country’s requirements, an American expert told a seminar in HCM City on June 7.

The US and Japan imported 15 billion USD worth of garment and textile products from Vietnam in 2016, according to the Vietnam Textile and Apparel Association (Vitas).

Many textile and garment enterprises are investing in textile and dyeing complexes to ensure material for sustainable development, Vietnam Television (VTV) reported recently.

The garment and textile sector will be hard pressed to achieve its export turnover target of 31 billion USD this year due to a lack or orders.