Textile exports to fall for the first time in 25 years Videos

Textile exports to fall for the first time in 25 years

Vietnam’s textile and garment exports is set to fall 15 percent to 34 billion USD this year, the first drop in 25 years, over Covid-19 impacts. With the Covid-19 situation remains serious in the U.S. and some European countries, exports to these markets will continue to face difficulties due to a shortage of orders, the Ministry of Industry and Trade said in a recent report.
Textile exports to EAEU may exceed trigger level: MoIT Business

Textile exports to EAEU may exceed trigger level: MoIT

Vietnam’s textiles enjoying preferential export tariff to the Eurasian Economic Union (EAEU) are likely to surpass the trigger level which results in the application of a safeguard measure cited in the Vietnam-EAEU Free Trade Agreement (VN-EAEU FTA), the Ministry of Industry and Trade (MoIT) has warned.
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).
Vietnam’s textile export value up almost 7 pct in eight months Business

Vietnam’s textile export value up almost 7 pct in eight months

The Vietnam Textile and Apparel Association (VITAS) said the total export value of textiles, fiber, and cloth reached 25.7 billion USD in the first eight months of the year, up 8.6 percent year on year, including 60.6 percent from foreign direct investment (FDI) enterprises.
Denim production sees potential to thrive: experts Business

Denim production sees potential to thrive: experts

Local producers have been able to ensure material supply for denim production, with localization rate in denim trousers reaching 55 – 60 percent, said Vice General Secretary of Vietnam Textile & Apparel Association (VITAS) Nguyen Thi Tuyet Mai.
Indian garment firms seek opportunities in HCM City Business

Indian garment firms seek opportunities in HCM City

A delegation of business executives representing 30 Indian companies led by the chairman of the Indian Silk Export Promotion Council met their Vietnamese counterparts at the Buyer-Seller meet held in Ho Chi Minh City on May 21.
Textile exports to China growing Business

Textile exports to China growing

Though Vietnam remains a big importer of textile feedstock and accessories from China, its rising exports to China is a promising sign, according to the Vietnam National Textile and Garment Group.