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).
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.
Clothing exports surge by 28 percent Business

Clothing exports surge by 28 percent

Export revenue of textiles and garments surged 28.4 percent to 1.05 billion USD in the first month of the year, according to the Ministry of Industry and Trade.
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

Reliance on imports poses risks

Vietnam's increasing reliance on imports of goods and materials from foreign countries, especially China, is a risky move, according to experts.