Prime Minister Nguyen Xuan Phuc on April 13 ordered the serious continuation of the implementation of Directive No.16 and anti-COVID-19 strategy to mitigate the risk of infection in the community.
The EU, the US, the Republic of Korea (RoK), China and Japan account for 90 percent of Vietnam’s garment and textile export turnover. The decrease in demand from these markets due to the COVID-19 epidemic will greatly affect Vietnamese businesses.
With the comprehensive strategic partnership and large purchasing power, Vietnam and India have large potential to increase two-way trade via boosting the export of their strong commodities to each other’s markets, trade officials of the two countries said.
The garment-textile sector will gain significant benefits but, at the same time, face several challenges brought about by the EU-Vietnam Free Trade Agreement (EVFTA) once it takes effect, experts said at an online conference on August 2.
The Vietnam Textile and Apparel Association (Vitas) and the Korea Institute of Industrial Technology (KITECH) jointly held a conference in Hanoi on July 9 to discuss the application of digital technology in the garment sector.
Vietnam's textile and garment sector needs advanced technology to keep pace with global trends and to expand export markets, Trade Counsellor of the Republic of Korea in Vietnam Kim Eu Joong has said.
Insiders have recommended Vietnam pay attention to developing weaving and other production activities supporting the textile-garment sector to make best use of the EVFTA, a freshly-inked free trade agreement with the European Union.
A 1.7 trillion VND (73.1 million USD) weaving factory invested by Bao Minh company has just opened in the northern province of Nam Dinh, which is expected to generate more than 800 new jobs in the locality.
The World Wildlife Fund (WWF) and the Vietnam Textile and Apparel Association (VITAS) launched a project on October 26 to green Vietnam’s textile-apparel sector through improving water management and energy sustainability.
Major member economies of the Asia-Pacific Economic Cooperation (APEC) forum, including the US, Japan, the Republic of Korea (RoK) and China, could make up 74-75 percent of Vietnam’s total garment-textile export turnover in the coming time.
The 2017 Hanoi Textile and Garment Industry Expo (HANOITEX 2017) opened at the International Centre for Exhibition on Tran Hung Dao street, Hanoi on November 1.
Some 200 local and foreign exhibitors will gather in the Hanoi Textile and Garment Industry Expo (HANOITEX) at the International Centre for Exhibition on Tran Hung Dao street, Hanoi, from November 1-3.
The 17th International Textile and Apparel Accessories Exhibition will be held at Ho Chi Minh City’s Saigon Exhibition and Convention Centre from November 22-25.
The domestic garment industry has faced many challenges in exporting to key markets, such as the European Union (EU) and the United States, but it still has a chance of achieving its export target this year, according to experts.
Vietnam earned 6.84 billion USD from garment and textile exports in the first quarter of this year, a rise of 11.2 percent year on year, according to the Vietnam Textile and Apparel Association (VITAS).
Garment and textile enterprises have received enough orders to keep them busy through the first quarter of this year, said the General Director of the Vietnam National Textile and Garment Group.
Vietnam is playing an active and constructive role in the Francophone community, Secretary-General of the International Organisation of La Francophonie (OIF) Michaelle Jean said.
Binh Duong has so far attracted 2,713 foreign projects with a total capital of around 25 billion USD, including 16 billion USD distributed to 1,635 projects that are underway in industrial parks.
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