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.
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.
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.
Vinatex’s revenue nosedives 36 percent in Q2 Business

Vinatex’s revenue nosedives 36 percent in Q2

The COVID-19 pandemic dragged down the revenue of the Vietnam National Textile and Garment Group (Vinatex) by 36 percent year-on-year in the second quarter, to just over 3.08 trillion VND (133 million USD).
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.
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).