Vietnam Texfuture Spring Summer, an international exhibition on high-end fabric exhibition that opened in Ho Chi Minh City on March 21, seeks to inspire the use of sustainable fabrics by local producers.
Textile and garment businesses in Vietnam are taking steps to switch to green production to meet partners’ demand and achieve sustainable development, the Cong Thuong (Industry & Trade) newspaper reported.
Indonesian Cooperatives and Small and Medium Enterprises (SMEs) Minister Teten Masduki said the country will strictly deploy measures to prevent the sale and purchase of imported used clothes to protect textile micro, small, and medium enterprises (MSMEs).
The fifth edition of the Denimsandjeans Vietnam Show opened in Ho Chi Minh City on March 1 with the participation of many big denim manufacturers from more than 10 countries.
Vietnam’s garment-textile sector strives to achieve a total export value of 68-70 billion USD, according to the development strategy for the apparel and footwear industry to 2030, with a vision to 2035.
Vietnamese apparel firms have been busy so far this year to complete orders, toward achieving the goal of earning about 47 billion USD from export this year on the back of incentives brought about by free trade agreements that already took effect.
With obstacles and challenges awaiting the garment and textile sector in the first half given a lack of recovery signal in global demand, most firms have prepared their schemes to overcome.
Domestic garment and textile enterprises are racing to recruit more labourers, especially skilled workers, to fulfil their orders of high-quality products, according to the Vietnam Textile and Apparel Association (VITAS).
Nguyen Thi Lien, deputy general director of PPJ Group, a leading textile and garment manufacturer and exporter, said green consumption has become a trend in the global market, and manufacturers such as her company have made drastic changes to fall in line.
Vietnam’s textile, garment and footwear sectors aim to achieve a total export value of 77-80 billion USD in 2025 and 106-108 billion USD in 2030, according to the strategy for the development of Vietnam’s textile and footwear industry.
Foreign direct investment inflow from China to Vietnam is expected to rise as China is to reopen its doors and resume flights between the two countries, according to Agribank Securities Company (known as Agriseco).
Textile and garment exports may reach 47 - 48 billion USD in the positive scenario for 2023 and 45 - 46 billion USD in the lower-case scenario, said the Vietnam Textile and Apparel Association (VITAS).
Hanoi recorded year-on-year growth of 8.89% in gross regional domestic product (GRDP) in 2022, higher than the target of 7 - 7.5%, according to the municipal Statistics Office.
Vietnam’s textile and garment export turnover to Indonesia reached over 10 million USD in September 2022, more than four times that of the previous month.
The textile and garment sector has predicted that difficulties will remain for its exports in the first half of 2023, but there are also silver linings it can pin hopes on.
Vietnam’s textile and garment export turnover to Indonesia reached 10.057 million USD in September 2022, more than four times that of the previous month.
The garment-textile industry enjoyed a rosy year in 2022 despite formidable challenges, as its export revenue hit the set target of 44 billion USD, up 8.8% year-on-year.
The Trade Office and Embassy of Vietnam opened the country’s pavilion at Intex South Asia, an international textile sourcing show held in New Delhi on December 8.
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