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.
NA leader hails industry-trade sector’s performance Business

NA leader hails industry-trade sector’s performance

National Assembly Chairman Vuong Dinh Hue on February 8 urged the Vietnam National Textile and Garment Group (Vinatex) to pay more attention to building the Vietnamese brand and increasing the added value of the country’s garment and textile products.
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.
 Garment-textile surmounts COVID-19 blow Business

Garment-textile surmounts COVID-19 blow

Overcoming a series of difficulties caused by the COVID-19 pandemic, the garment and textile industry is now employing some 2.5 million workers, while generating 40 billion USD worth of export and a trade surplus of nearly 20 billion USD.
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.
Key export sectors the target of M&As by foreign investors Business

Key export sectors the target of M&As by foreign investors

Several of Vietnam’s key export sectors, such as textile-garment, leather-footwear, and electronics have become magnets for merger and acquisition (M&As) activities, posing a risk of leading enterprises in those sectors being purchased by foreign investors.