Sunday, September 23, 2018 - 4:04:19

manufacturing

Vietnam’s textile and garment industry faces tough seas in 2019

Business

Vietnam’s textile and garment industry faces tough seas in 2019

2019 will be a challenging year for Vietnam’s textile and garment industry as it needs to obtain major breakthroughs to take on new roles in the global value chain, including shifting from simple processing - Cut, Make and Trim (CMT) - to purchasing materials, free on board (FOB), original design manufacturer (ODM) and original brand manufacturer (OBM) modes.

FDI makes roads into mechanical engineering

Business

FDI makes roads into mechanical engineering

A huge influx of foreign direct investment (FDI) is making its way into the fields of mechanical engineering, and manufacturing and processing, which are expected to fuel the supporting industry in the coming years if Vietnam issues effective policies, industry insiders have said.