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German news website NTV has published an article highlighting the attractiveness of the Southeast Asian country to German businesses.

The earnings results of enterprises in the fibre industry have shown signs of significant improvement in the first half of this year and are expected to grow more positively in the coming months as demand recovers.

Malaysian Prime Minister Anwar Ibrahim on September 4 approved part of the applications for the recruitment of foreign workers, involving barbering, textiles and goldsmithing.

The development strategy of the textile and garment industry until 2030 with a vision to 2035 has clearly identified that exports will continue to be a major and crucial driving force for the sector's growth.

Two Vietnamese companies joined more than 200 other exhibitors at a fair called Apparel Textile Sourcing Canada 2023 held in Toronto from August 21-23.

The Vietnam Textile and Apparel Association (VITAS) and the Korea Federation of Textile Industries (KOFOTI) have signed a memorandum of understanding (MoU) to strengthen bilateral cooperation, KOFOTI announced on August 24.

Vietnamese garment and textile enterprises are taking measures to seize market opportunities and maintain production and increase exports, amidst a significant decrease in orders.

The Australian Cotton Trade Delegation to Vietnam is organising a series of activities in Ho Chi Minh City, Hue and Hanoi from August 7-11 to strengthen relations between Vietnam’s textile manufacturers and Australian cotton producers.

A delegation from the Vietnam Textile and Apparel Association (VITAS) and the Vietnam Leather, Footwear and Handbag Association (LEFASO) joined the 16th edition of the Sourcing at Magic (Magic Show) in the US city of Las Vegas from August 7-9, with 20 stalls.

Five commodities posted an export value of more than 10 billion USD in the first seven months of this year, making up 57.6% of Vietnam’s total exports.

Enterprises should look for niche markets to better cope with declines in exports in major markets, said the Ministry of Industry and Trade.

It is necessary for domestic enterprises to switch to green textile and garment production in an effort to achieve sustainable development goals and cope with the gradual loss of Vietnam’s cost advantage, insiders have said.

The Vietnam Saigon Fabric & Garment Accessories and Industry Expo (SaigonFabric Summer 2023) opened in Ho Chi Minh City on July 26.

According to fibre2fashion.com, Vietnam has become the world’s leading textiles and garments exporter.

Vietnamese garment enterprises are facing more competition as well as stricter quality and environmental standards in the global market.

Since the beginning of the year, nine new projects have been granted investment licences by central Thua Thien - Hue province with a total investment of more than 2 trillion VND (85 million USD), according to a report by the provincial Department of Planning and Investment.

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.

Many textile companies are struggling as they have to reduce employees due to shrinking revenues.

Diversifying sources of materials and stepping up digital transformation have been regarded as the key to the building of a smart, sustainable supply chain in the garment-textile sector, insiders said.

Digital transformation, creating suitable designs and recycling clothes are now proving to be important target activities for the garment and textile industry towards a circular economy and sustainability.