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.
viet tien foresees 70 per cent drop in profit due to covid 19

Viet Tien foresees 70 per cent drop in profit due to COVID-19

The COVID-19 lockdown deeply altered Viet Tien Garment Corporation's (UPCoM: VGG) outlook, forcing it to revise its profit plan to an estimated drop of 70 per cent this year.
textile makers skirt virus disruptions

Textile makers skirt virus disruptions

Temporary factory closures and imminent layoffs are going to push textile and garment enterprises into deep water due to a lack of raw materials as well as mass order cancellations from European and American buyers during the ongoing global health crisis.
vinatex faces damage of 43 million due to covid 19

Vinatex faces damage of $43 million due to COVID-19

In case the COVID-19 pandemic is brought under control in May and the economy recovers from June onwards, the textile and garments sector is estimated to sustain a damage of VND11 trillion ($478.26 million), VND1 trillion ($43.48 million) of which will come from Vietnam National Garment and Textile Group (Vinatex).
no end to woes of local textile and garment industry

No end to woes of local textile and garment industry

While the supply of raw materials from China is recovering after a month of suspension, textile and garment businesses find that they have moved out of the frying pan into the fire as the COVID-19 pandemic rolling over the globe has forced the cancellation of all orders from the European Union and the United States.
garment firm donates hundreds of antibacterial shirts to hanoi hospital

Garment firm donates hundreds of antibacterial shirts to Hanoi hospital

The Hanoi Textile and Garment Joint Stock Corporation (Hanosimex) on March 26 presented 700 antibacterial shirts to the Hanoi Medical University Hospital in an attempt to support “frontline soldiers” in the fight against the novel coronavirus disease (COVID-19).
us has no plan to suspend import of vietnamese garment textiles ambassador

US has no plan to suspend import of Vietnamese garment-textiles: ambassador

The US Government has no plan to suspend the import of Vietnamese garments-textiles, said Vietnamese Ambassador to the US Ha Kim Ngoc.
rules of origin pose questions for sectors jostling for position

Rules of origin pose questions for sectors jostling for position

Although the free trade agreement between the European Union and Vietnam will offer great opportunities for wood investors and exporters, its rules of origin may not provide a big boon to local textile and garment businesses.  
low supplies trouble textiles and garments

Low supplies trouble textiles and garments

Local suppliers of overseas fashion brands may have a bumpy road ahead as materials from China have been blocked due to COVID-19.
japanese kidswear brand opens first store in vietnam

Japanese kidswear brand opens first store in Vietnam

Miki House, Japan's leading infant and children clothes company, officially opened its first store in Ho Chi Minh City on February 25, making its first step in Vietnam.