Textile FDI down but poised for strong growth: experts Business

Textile FDI down but poised for strong growth: experts

The first eight months of 2020 have seen few foreign direct investment (FDI) projects in Vietnam's textile industry, a far less lively picture compared to the same period last year, the department of foreign investment under the Ministry of Planning and Investment has reported.
Textile-garment exports to continue declining Business

Textile-garment exports to continue declining

The Vietnam Textile and Garment Group (Vinatex) forecasts the country’s textile and garment exports will continue to decline by 14-18 percent each month for the rest of 2020 over the same period last year.
Garment exports forecast to plummet due to lack of orders Business

Garment exports forecast to plummet due to lack of orders

Vietnam's garment and textile exports in the first four months fell 10 percent year-on-year to 10.63 billion USD and could fall much further as buyers cancelled orders due to COVID-19, according to the Vietnam Textile and Apparel Association (Vitas).
Garment sector focuses on potential markets Business

Garment sector focuses on potential markets

Chairman of the Vietnam Textile and Apparel Association (VITAS) Vu Duc Giang has said the sector will focus on new potential markets to achieve an average growth of 6 percent each year during the 2020 – 2025 period.
Garment exports fall 6.6 percent in four months Business

Garment exports fall 6.6 percent in four months

The total textile and garment export value in the first four months of this year dropped by 6.6 percent year-on-year to 10.64 billion USD, according to the Vietnam Textile and Apparel Association (Vitas).
Textile, rubber-plastic brace for raw material shortage Business

Textile, rubber-plastic brace for raw material shortage

Vietnam’s key industries such as textiles, rubber and plastic must take measures to prepare for a shortage of raw materials as a result of the outbreak of the novel coronavirus in China, warned industry leaders and economic experts.
Ministry helps enterprises promote production, export amid COVID-19 Business

Ministry helps enterprises promote production, export amid COVID-19

The Ministry of Industry and Trade (MoIT) has recently hosted a meeting to seek solutions to help businesses bolster production and export amid the complicated developments of the acute respiratory disease caused by the novel coronavirus (nCoV) and difficulties caused by the disease.