Authorities of the southern province of Binh Duong on March 29 met with Yeh Ming Yuh, Director-General of Polytex Far Eastern Vietnam, to discuss how to help the textile firm to resolve issues facing its expansion project at Bau Bang Industrial Park.
Vietnam's textile and garment industry is making efforts to realise its green production target and reduce emissions in a bid to help implement the Government’s commitment to net-zero emissions by 2050 at the 26th United Nations Climate Change Conference of the Parties (COP26).
Textile and garment is one of Vietnam's key export products, accounting for about 10% of total export turnover in 2021. Last year, the US continued to be the largest consumption market of textiles, garments, accounting for nearly 50% of Vietnam's total textile and garment export turnover.
Vietnam National Textile and Garment Group (Vinatex)’s post-tax profit in the last quarter of 2021 was nearly 500 billion VND (22.03 million USD), tripling the figure recorded in the same period of the previous year.
Every year after the Tet (Lunar New Year) holiday, many businesses face a serious shortage of workers. Last year, due to the impact of social distancing orders, enterprises struggled with a shortage of labour. Therefore, the need to prepare the workforce for the post-Tet period is even more urgent.
After a year full of difficulties caused by the COVID-19 pandemic, many enterprises are still trying to provide their workers with rewards and gifts for the Lunar New Year (Tet) festival, to encourage their spirit and enhance bonds with the enterprises, helping to quickly restore production and maintain jobs and incomes for their employees.
Overcoming a series of difficulties caused by the COVID-19 pandemic, the garment and textile industry is now employing some 2.5 million workers, while generating 40 billion USD worth of export and a trade surplus of nearly 20 billion USD.
An online seminar spotlighting impacts of the COVID-19 pandemic on textile, footwear and garment workers and trade union activities was held by the Vietnam General Confederation of Labour (VGCL)’s Institute for Workers and Trade Unions (IWTU), and the Netherlands Trade Union Confederation in Hanoi on December 28.
Container and warehouse shortages and surging container shipping costs have hit the textile and garment industry hard, insiders told a seminar in Ho Chi Minh City.
Vietnam’s apparel sector is forecast to grow by 11.2 percent annually this year with an export revenue of 39 billion USD, reported the Vietnam Textile & Apparel Association (VITAS).
The textile - garment industry is expected to thrive and earn 40 billion USD in exports next year, when the COVID-19 pandemic is forecast to ease in Vietnam and the world.
Many businesses have experienced losses for the first time or after many years due to disruptions caused by COVID-19 in the third quarter of 2021. Their target is now making efforts to revive in the fourth quarter to complete the yearly plan.
Specific tasks and targets should be assigned to localities to motivate them in controlling the pandemic and boosting economic development at the same time, according to experts.
The Taiwan Textile Roadshow has been held from October 6-7 directly in Hanoi and in the online format via Zoom, aiming to strengthen cooperation between Vietnam and Taiwan (China) in the textile and garment sector.
Garment products from Taiwan (China) will be showcased at the Taiwan Textile Roadshow held in Hanoi from October 6-7 at the Hanoi International Exhibition Centre at 91 Tran Hung Dao Street.
The northern province of Thai Binh has applied measures to boost the development of its industrial sector and support industry in particular, focusing on industries supporting garment and textile and mechanical engineering, as part of efforts to become a locality with strong industrial growth in 2025.
To maintain business operations amid social distancing order caused by the fourth wave of COVID-19 pandemic, it is necessary to pool the drastic involvement of local authorities, especially flexibly adopting plans to both fight the pandemic and prevent production disruption.
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