Keyword: "garment"

Vietnam’s garment and textile export is projected to hit nearly 44 billion USD this year, positioning the country as the world’s second biggest exporter, only behind India.

Positive signals from major import markets have helped domestic enterprises to boost exports in the first ten months of 2024. The export activities remained a prominent bright spot of the Vietnamese economy.

Textile and garment exports are likely to hit 44 billion USD this year, said Chairman of the Vietnam Textile and Apparel Association (VITAS) Vu Duc Giang.

Binh Duong province, a key industrial hub in southern Vietnam, shipped 22.5 billion USD worth of products abroad in January-August, a year-on-year increase of 11.3%.

The majority of garment businesses have received orders to be fulfilled until September-October and even beyond. However, prices continue to be impacted by the lingering market effects of 2022-2023.

Vietnam’s textile and garment industry has long faced an imbalance between production stages.

Digital transformation is considered a “key” to help Vietnamese garment and textile enterprises expand while meeting sustainable development, heard a recent conference held in Ho Cho Minh City.

The Saigon Textile & Garment Industry – Fabric & Garment Accessories Expo 2024 (Saigontex - Saigonfabric 2024) kicked off in Ho Chi Minh City on April 10.

Textile and garment exports posted a year-on-year increase of 15% in the first two months of 2024, a result partly attributed to the industry’s gradual adaptation to the green production requirement of import markets.

Suffering from declined overseas shipments, export businesses in some industries now need more assistance from the Government to navigate difficulties and challenges, insiders have said.

Experts say three years after it came into effect, the Vietnam-UK Trade Agreement (UKVFTA) has opened many opportunities for businesses in the textile, garment, and leather - footwear sectors to boost exports and increase value.

The Vietnam Trade Office in India arranged a pavilion to introduce Vietnam's textile and garment products at Intex South Asia, an international textile sourcing show opened in New Delhi on December 7.

Vietnam Textile and Apparel Association (VITAS) has set a target of earning 44 billion USD from textile and apparel exports in 2024 as positive changes have seen from the last quarter of this year.

Vietnamese garment and textile products are being showcased at Global Sourcing Expo Australia 2023 which kicked off in Melbourne on November 21.

The focal tasks for the remaining months of 2023 are to maximise all market opportunities, optimise production to increase productivity, and fulfill even small, discerning orders.

Garment and textile companies have been struggling to overcome prolonged difficulties due to the decline in demand in their main textile import markets, according to the Vietnam National Textile and Garment Group (Vinatex).

The earnings results of enterprises in the fibre industry have shown signs of significant improvement in the first half of this year and are expected to grow more positively in the coming months as demand recovers.

The Vietnam Saigon Fabric & Garment Accessories and Industry Expo (SaigonFabric Summer 2023) opened in Ho Chi Minh City on July 26.

According to fibre2fashion.com, Vietnam has become the world’s leading textiles and garments exporter.

Vietnamese garment enterprises are facing more competition as well as stricter quality and environmental standards in the global market.