zara owner inditex bounces back from virus slump

Zara owner Inditex bounces back from virus slump

Spanish textile titan Inditex, owner of global fashion retailer Zara, said Wednesday that it swung back into profit in the second quarter as it reopened most of its stores following virus shutdowns and enjoyed strong online sales.
oxford economics forecasts clmvs garment sector prospect

Oxford Economics forecasts CLMV’s garment sector prospect

The textile industry in the CLMV (Cambodia-Laos-Myanmar-Vietnam) has come under near-term threat from the global COVID-19 outbreak, especially for key producer Cambodia.
nam dinhs ip welcomes projects

Nam Dinh’s IP welcomes projects

A signing ceremony of land lease agreements took place at the Rang Dong Textile Industrial Park - Aurora IP in Nghia Hung district of the northern province of Nam Dinh.
cat tuong and top textiles vietnam sign land lease contract at aurora ip

Cat Tuong and Top Textiles Vietnam sign land lease contract at Aurora IP

The signing ceremony of a land lease contract and land hand-over for factory construction among Cat Tuong Real Estate Group – the investor of Rang Dong Textile Industrial Park – Top Textiles Co., Ltd., and Jehong Textile Vietnam Co., Ltd. took place today at Rang Dong Textile Industrial Park.
garment and footwear await eu orders with bated breath

Garment and footwear await EU orders with bated breath

Vietnam’s textile, leather, and footwear industries are optimistically looking to profit from the newly effective trade deal between the European Union and Vietnam. However, a decline in orders from the old continent amid the pandemic is expected to lead to stagnating production and business outlooks for the remainder of this year.
textile garment exports to continue declining

Textile-garment exports to continue declining

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.
song hong garment yet to set aside provisions for new york co receivables

Song Hong Garment yet to set aside provisions for New York & Co. receivables

Song Hong Garment (HSX: MSH) is running large risks by not setting aside provisions for the US partner’s debt.
textile footwear companies feel confident

Textile, footwear companies feel confident

Armed with experience from coping with the first wave of the COVID-19 epidemic, many textile and footwear enterprises are quietly confident they can alter their plans as required and find new markets to cope with the second.
vnpoly becomes fibre provider for adidas and target

VNPOLY becomes fibre provider for adidas and Target

Little more than two years after resuming operations, Vietnam Petrochemical and Fibre JSC (VNPOLY), a subsidiary of PetroVietnam, is now a supplier of international and domestic customers and has recently become the main fibre provider of two famous brands adidas and Target.
vinatex facing difficulties in past two quarters

Vinatex facing difficulties in past two quarters

Scattered orders along with a saturated market for face masks – which was a temporary lean-to for so many textile and garment firms – have pushed Vietnam National Garment and Textile Group (Vinatex) in the deep in the last two quarters.
new york cos collapse a heavy hit to song hong garment

New York & Co's collapse a heavy hit to Song Hong Garment

Song Hong Garment is looking at bleaker prospects after the collapse of New York & Co, its largest overseas partner, fearing a scenario akin to that experienced by Thanh Cong Textile Garment Investment with Sears.
vietnam and thai companies draw supply chain and industrial business ties tighter

Vietnam and Thai companies draw supply chain and industrial business ties tighter

origin rules may bar textile makers from evfta boons

Origin rules may bar textile makers from EVFTA boons

Many of Vietnam’s textile and garment businesses could be deterred from the benefits of the free trade agreement between the European Union and Vietnam by falling short of the requisite rules of origin.
vietnams textile and garment companies suffer from jcpenney bankruptcy

Vietnam’s textile and garment companies suffer from JCPenney bankruptcy

Once JCPenney files for bankruptcy, hundreds of textile and garment stores, including those in Vietnam, will have to cease and desist orders.
trade turnover of garment and textile plunges in first four months

Trade turnover of garment and textile plunges in first four months

The trade turnover of the garment and textile sector in the first four months reported on-year decreases of 6.6 per cent in terms of export turnover to $10.46 billion and 9 per cent in material import turnover to $6.4 billion.