EVFTA brings benefits, challenges to apparel sector Business

EVFTA brings benefits, challenges to apparel sector

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.
CPTPP to raise national GDP by 1.3 percent: official Business

CPTPP to raise national GDP by 1.3 percent: official

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is expected to help raise Vietnam’s gross domestic product (GDP) by 1.3 percent, according to an official of the Ministry of Planning and Investment (MPI).
Garment-textile sector regains confidence of foreign investors Business

Garment-textile sector regains confidence of foreign investors

Vietnam has been considered an attractive destination for investors who are keen on the garment and textile sector, thanks to benefits brought about by the bilateral and multilateral free trade agreements (FTAs) that the country has signed and is about to sign.
CPTPP, EVFTA help Vietnam’s garment-textile lure investment Business

CPTPP, EVFTA help Vietnam’s garment-textile lure investment

Free trade agreements, particularly the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the EU-Vietnam Free Trade Agreement (EVFTA), are the driving force to attract big investments in Vietnam’s garment-textile industry.
Garment sector works to promote social dialogue Society

Garment sector works to promote social dialogue

Social dialogue in the garment-textile sector is expected to improve following the signing of a memorandum of understanding of a project to promote social dialogue and collective bargaining in the garment sector in Hanoi on July 10.
Vietnam among top five global textile exporters Business

Vietnam among top five global textile exporters

Vietnam has made it onto the list of the world’s five biggest textile exporters and producers, with textile and garment export turnover hitting 16 billion USD in the first half of 2018, up more than 14 percent year-on-year.
Garment-textile sector raises export target to 35 billion USD Business

Garment-textile sector raises export target to 35 billion USD

The garment-textile sector expects to gross 35 billion USD in export turnover in 2018, higher than the target set at the beginning of the year, thanks to a large number of orders from foreign partners and bright prospects of the world and domestic economies. ​
Garment & textile sector, magnet for foreign investors Business

Garment & textile sector, magnet for foreign investors

More than 2,000 foreign businesses from 16 countries and territories worldwide have invested some 15.75 trillion USD in Vietnam’s garment and textile sector so far, according to Chairman of the Vietnam Textile and Apparel Association (VITAS) Vu Duc Giang.
Garment-textile sector targets green production Business

Garment-textile sector targets green production

Green, clean, energy-saving production is urgent to improve competitiveness of Vietnam’s garment-textile enterprises as each year the sector spends up to 3 billion USD on production energy, heard a workshop in Ho Chi Minh City on April 11.