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).
EU - Vietnam FTA a challenge for garment sector Business

EU - Vietnam FTA a challenge for garment sector

Vietnam’s garment sector will face a host of challenges from the EU - Vietnam Free Trade Agreement, with the greatest being a shortage of raw material supplies. Despite much effort having been made, 90 percent of the sector’s imported materials are from markets not covered by the agreement. This means that locally-made garments will not be entitled to tax incentives relating to material origin.
FDI firms expand local textile-garment sector to maximise on CPTPP Business

FDI firms expand local textile-garment sector to maximise on CPTPP

Vietnam has become increasingly appealing to large foreign investor groups in the textile and garment industry who want to seize opportunities before the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) takes effect in January next year, according to analysts.
WB forecasts Cambodia’s economy to grow 6.9 percent in 2018 ASEAN

WB forecasts Cambodia’s economy to grow 6.9 percent in 2018

Cambodia's economy is likely to expand 6.9 percent this year, a slight increase as compared with the growth rate of 6.8 percent in 2017, mainly thanks to a recovery in textiles and garment exports, tourism and agricultural sectors, the World Bank (WB) said.
Foreign brands up the ante in fashion market Business

Foreign brands up the ante in fashion market

The competitive pressure exerted on domestic fashion firms by the increasing presence of world renowned brands is unavoidable, but it could have positive impacts in the long run, experts said.