World

Strikes cause great damage for Cambodian economy

The Garment Manufacturers Association in Cambodia (GMAC) on December 29 issued a statement saying that trade unions’ calling for strikes that have made local garment factories out of work is an illegal action.
Business

Garment firms lower outlook

A plunge in export growth and declining orders have led the Vietnam Textile and Apparel Association to scale down its export-value target from 19 billion USD to 17-17.5 billion USD.
Business

Textile and garment exporters face downturn

Textile and garment producers are struggling from a lack of export contracts and market difficulties due to the ongoing public debt crisis in the EU, said the Vietnam Textile and Apparel Association (Vitas).
Business

Foreign investment in garments declines

The country's textiles and garment sector is seeing a decline in foreign direct investment (FDI) during the past several years, and the sector is being held back by its reliance on imports of raw materials, according to the Vietnam Textile and Apparel Association.
Business

Vietnam expects higher export of major products

After significant export growth of 33.3 percent in 2011, Vietnam expects this year to attain further growth for its major products, including textiles and garments, leather and footwear, wood products and seafood.
Business

VN-Chile FTA opens doors

Domestic exporters expect to accelerate shopments of products to Chile in the wake of the recent signing of the Free Trade Agreement (FTA) between the two countries.
Business

Industrial exports expected to stall

The Ministry of Industry and Trade (MoIT) has warned of upcoming challenges in finding industrial export contracts due to financial difficulties in key export markets such as the EU and US.
Vinatex steps up garment export to Japan Business

Vinatex steps up garment export to Japan

Vietnam National Textile and Garment Group (Vinatex) and Japan’s Marubeni Corporation signed a memorandum of understanding (MoU) on strategic cooperation in Hanoi on May 10, paving the way for further trade exchange between the two countries.
Garment exports on target Business

Garment exports on target

The textile and garment industry will meet its annual export target of 10.5 billion USD by November, said vice chairman and general secretary of the Vietnam Textile and Apparel Association (Vitas) Le Van Dao.
Business

Garment exports to US back on track

Vietnam earned 2.7 billion USD from exporting garments to the US in the first half of this year, an annual increase of 15 percent, after dropping last year.
Business

Domestic garment makers turn to home customers

A series of high-grade products pinned with the Viet Tien, Garment 10 and An Phuoc trademarks for export are now being showcased at stores in the Vinatex chain to lure domestic buyers.

The Viet Tien Company has hired out the entire first floor, thousands of sq.m. large, of the Vinatex outlet at No. 25 Ba Trieu street , Hanoi , to display its products.
Business

Vietnam, RoK expand garment cooperation

Vietnam ’s garment industry plays an important role in the Vietnam- RoK economic cooperation and there are many opportunities for its products in the RoK market.