Garment export target of 40 billion USD may be reached Business

Garment export target of 40 billion USD may be reached

The domestic textile and garment industry is expected to reach its export revenue target of 40 billion USD this year despite facing many difficulties, said Vu Duc Giang, Chairman of the Vietnam Textile and Apparel Association (VITAS). ​
Vietnam’s textile export value up almost 7 pct in eight months Business

Vietnam’s textile export value up almost 7 pct in eight months

The Vietnam Textile and Apparel Association (VITAS) said the total export value of textiles, fiber, and cloth reached 25.7 billion USD in the first eight months of the year, up 8.6 percent year on year, including 60.6 percent from foreign direct investment (FDI) enterprises.
Workers face daunting Industry 4.0 challenges Business

Workers face daunting Industry 4.0 challenges

State-owned enterprises and local businesses should pay due attention to training workers for the fourth industrial revolution (Industry 4.0) so that they are not rendered redundant, experts said.
Prime Minister urges Vinatex reform Business

Prime Minister urges Vinatex reform

Prime Minister Nguyen Xuan Phuc has urged the Vietnam National Textile and Garment Group (Vinatex) to undertake comprehensive reform to develop its production and business.
Retail sector sees foreign-Vietnam M&A Business

Retail sector sees foreign-Vietnam M&A

The Vietnamese retail market has seen some mergers and acquisitions (M&A) between foreign and Vietnamese enterprises, thanks to the huge development potential of the retail sector.
Local fashion fair makes a splash Business

Local fashion fair makes a splash

Crowds of customers flocked to the Vietnam Fashion Fair 2015 opened in Hanoi on December 22 to pick up the best garment-textile products from the local fashion industry.