Textile - garment sector sees strong growth Business

Textile - garment sector sees strong growth

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.
Vinatex’s net profit rises sharply last year Business

Vinatex’s net profit rises sharply last 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.
Enterprises prepare for workforce shortage after Tet Society

Enterprises prepare for workforce shortage after Tet

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.
Hanoi flexibly maintains production amid COVID-19 Business

Hanoi flexibly maintains production amid COVID-19

To maintain business operations amid social distancing order caused by the fourth wave of COVID-19 pandemic, it is necessary to pool the drastic involvement of local authorities, especially flexibly adopting plans to both fight the pandemic and prevent production disruption.
Vietnamese textile industry sees huge export opportunities Business

Vietnamese textile industry sees huge export opportunities

The textile and apparel industry, which managed to survive three waves of COVID-19 thanks to its decision to produce face masks and personal protective equipment, will focus on sportswear and yarn, according to the Vietnam National Textile and Garment Group.
Vinatex aims for 8 – 10 percent growth in exports Business

Vinatex aims for 8 – 10 percent growth in exports

The Vietnam National Textile and Garment Group (Vinatex) aims for an annual growth rate of 8 – 10 percent in production value, revenue and export value in the period from now to 2025, according to the group’s chairman of the board Le Tien Truong.
Face mask prices on the rise Business

Face mask prices on the rise

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.