Keyword: "textile and garment industry"

Vietnam's textile and footwear sector targets annual export growth of 7.5–8% from 2021 to 2025, with turnover expected to reach 50–52 billion USD by 2025 and 68–70 billion USD by 2030.

Vietnam's textile and garment industry has fulfilled its 44-billion-USD export turnover target in 2024, an increase of over 11% compared to 2023, thanks to efforts in market diversification, technological innovation, and effectively capitalising on the shift in orders.

Thirty-nine Vietnamese textile enterprises are participating in Texworld New York City, a leading international trade fair for fashion and apparel procurement held biannually in New York, the US.

While Vietnam’s textile and garment industry is recovering, it is facing new challenges such as customers preferring small, rapid orders and labour shortages, experts have said.

Vietnam’s textile and garment industry has not been able to fully capitalise on the advantages and potential of FTAs, according to the Ministry of Industry and Trade (MoIT).

Despite a continued decrease in export turnover in the first eight months compared to the same period last year, the textile and garment industry has shown numerous signs of recovery and opportunities for stronger growth in the remaining months of 2023.

The textile and garment industry is forecast to have a bright prospect in 2022, but as share prices have increased sharply since 2021, many stocks may not continue to rise significantly.

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).

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.

The textile and garment industry is forecast to face difficulties in realising its export turnover target of 39 billion USD this year due to unprecedented severe impacts caused by the COVID-19 pandemic.

The competencies of job candidates in the textile and garment industry met employers’ requirements in the first half, according to the latest report by recruitment company Navigos Group.

Vietnam’s textile and garment industry is predicted to earn about 33.5 - 34 billion USD from exports in 2020, higher than the forecast of 30-31 billion USD in April, and down 14-15 percent year-on-year.

The 2020 Hanoi Support Industry Fair opened in the capital city on October 28, attracting the participation of nearly 190 enterprises and 20 buyers.

The Vietnam Textile and Garment Group (Vinatex) forecasts the country’s textile and garment exports will continue to decline by 14-18 percent each month for the rest of 2020 over the same period last year.

Prime Minister Nguyen Xuan Phuc has asked the textile and garment industry to strongly shift from processing to production, aiming to create more highly added value products.

Foreign direct investment inflows into Vietnam’s textile and garment industry mounted to 19.5 billion USD over the last three decades with the Republic of Korea (RoK) being the top investor.

A number of Vietnamese firms have attended the 8th World Water Technology and Environment Control Conference and Exhibition (WATEC Israel 2019) in Tel Aviv, Israel.

Vietnam’s textile and garment industry was likely to reach its target of 40 billion USD in export turnover this year despite facing difficulties in some markets.

China will step up cooperation with five Mekong countries, namely Vietnam, Cambodia, Laos, Thailand and Myanmar, in the field of textile and apparel, according to the China National Textile and Apparel Council (CNTAC).