Vietnamplus

Vietnamese goods are benefitting from better quality, diverse designs and competitive prices to establish their place on the domestic and global markets.

The Vietnam National Textile and Garment Group (Vinatex) enjoyed a year-in-year surge of 144.2 percent in revenue to over 5.15 trillion VND (224.26 million USD) in the first quarter of 2022, completing 28.5 percent of its target for the whole year.

Vietnam National Textile and Garment Group (Vinatex)’s post-tax profit in the last quarter of 2021 was nearly 500 billion VND (22.03 million USD), tripling the figure recorded in the same period of the previous year.

Every year after the Tet (Lunar New Year) holiday, many businesses face a serious shortage of workers. Last year, due to the impact of social distancing orders, enterprises struggled with a shortage of labour. Therefore, the need to prepare the workforce for the post-Tet period is even more urgent.

The textile - garment industry is expected to thrive and earn 40 billion USD in exports next year, when the COVID-19 pandemic is forecast to ease in Vietnam and the world.

The textile and garment industry is forecast to face difficulties in realising its export turnover target of 39 billion USD this year due to unprecedented severe impacts caused by the COVID-19 pandemic.

President Nguyen Xuan Phuc has commended the textile and garment sector for achieving growth and caring for its workers amid the COVID-19 pandemic.

The Vietnam National Textile and Garment Group (Vinatex) set a goal of achieving 381.6 trillion VND (16.4 billion USD) in consolidated pre-tax profit in 2020, during its annual general meeting of shareholders on August 18.

The price of medical masks is on the rise after new COVID-19 community infections were confirmed in Da Nang city and Quang Ngai province.

The COVID-19 pandemic had a direct impact on Vietnam's textile and garment industry in the first quarter of this year. Decreased orders forced businesses to cut production, resulting in falling business efficiency.

The Hanoi Textile and Garment Joint Stock Corporation (Hanosimex) on March 26 presented 700 antibacterial shirts to the Hanoi Medical University Hospital in an attempt to support “frontline soldiers” in the fight against the novel coronavirus disease (COVID-19).

Dong Xuan Knitting Sole Member Company Limited, a subsidiary of the Vietnam National Textile and Garment Group (Vinatex), is planning to produce 60,000 face masks per day from March 23 to 29, given the increasing demand amid COVID-19.

As of March 1, the Vietnam National Textile and Garment Group (Vinatex) and its subsidiaries produced three more million antibacteria face masks, completing its plan of selling about 6 million face masks to the market amid the outbreak of the acute respiratory disease caused by SARS-CoV-2 (COVID-19).

As of March 1, the Vietnam National Textile and Garment Group (Vinatex) and its subsidiaries produced three more million antibacteria face masks, completing its plan of selling about 6 million face masks to the market amid the outbreak of the acute respiratory disease caused by SARS-CoV-2 (COVID-19).

Garment-textile and footwear enterprises are seeking material supplies from markets besides China amid the complicated developments of the acute respiratory disease caused by SARS-CoV2 (COVID-19).

To take advantage of free trade agreements and expand exports, meeting rules of origin is crucial for the garment and textile sector, industry insiders have said.

The Vietnam International Fashion & Beauty Festival (VIFBF) 2019 will be held in Hanoi from December 11 to 15 with the participation of leading groups in the field.

A delegation of Vietnamese businesses has visited Canada to promote textile and garment exports to the North American nation under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

Saigon Tex & Saigon Fabric 2019 kicked off in Ho Chi Minh City on April 10.

Hanoi (VNA) – As one of the world’s largest apparel producers and exporters, Vietnam has seen considerable strides in its textile and garment industry.