Vietnamplus

The profits of Vietnamese textile and garment enterprises were diverse in the fourth quarter, with many big names posting great losses.

The 20th Vietnam Int'l Textile & Garment Industry (VTG) exhibition is taking place at the Saigon Exhibition and Convention Centre (SECC) in HCM City’s District 7.

Cotton Day Vietnam 2021, a forum on trends and solutions to help Vietnam textile enterprises revive after COVID-19, will be held online on December 1.

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.

More and more Italian textile firms are investing in Vietnam to take advantage of the EU-Vietnam Free Trade Agreement (EVFTA) and export to the European market, experts said.

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.

According to Vietnam Textile and Garment Group (Vinatex), rules of origin under the EU-Vietnam Free Trade Agreement (EVFTA) seem more comfortable than those regulated in the CPTPP.

Recommendations were given to Vietnamese textile-garment businesses at a workshop in Ho Chi Minh City on April 10 to help them develop strategies for sustainable development.

Vietnamese textile and garment firms are being active in making full use of the opportunities created by the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) to boost exports to Canada once the deal takes effect in early 2019.

The EU-Vietnam Free Trade Agreement (EVFTA) is expected to create solid opportunities for Vietnam to expand its export markets in the time ahead, especially in terms of the garment and footwear industries.

The Washington Times on May 30 published a message by Prime Minister Nguyen Xuan Phuc on the occasion of his official visit to the United States at the invitation of President Donald Trump.

A seminar was held in Hanoi on May 11 to provide information of the Textile India 2017, which will take place in Ho Chi Minh City from June 30-July 2.

Domestic textile enterprises and logistics service providers should work together to reduce costs and improve their competitiveness, according to experts.

Vietnam’s textile and apparel sector remained passive in global value chains, said Nguyen Cam Tu, Deputy Minister of Industry and Trade, at a workshop on March 29 in Hanoi.