vitas recommends removing tariffs on polyester fibre

VITAS recommends removing tariffs on polyester fibre

Viet Nam Textile and Apparel Association (VITAS) has petitioned the Ministry of Finance and the Ministry of Industry and Trade to not increase import tariffs on polyester fibre from zero to 2 per cent.
garment and textile enterprises qualms over new wage and social insurance policies

Garment and textile enterprises’ qualms over new wage and social insurance policies

The minimum wage increase, coupled with the increase for social insurance and union fees, is putting financial burdens on enterprises operating in labour-intensive sectors, such as the garment and textile sector.
textile association opposes wage hike

Textile association opposes wage hike

The Việt Nam Textile and Apparel Association (VITAS) yesterday proposed that the regional minimum wage (covering four regions in the country) not be increased next year.
danish garment manufacturer opens factory in nam dinh

Danish garment manufacturer opens factory in Nam Dinh

Danish garment manufacturer Spectre opened its second textile factory worth over $5 million in the northern province of Nam Dinh to take advantage of the country’s fast-developing garment industry.
vinatex divestment a tough cookie

Vinatex divestment a tough cookie

State Capital Investment Corporation (SCIC) may find it difficult to entirely divest Vietnam National Textile and Garment Group (Vinatex), as the Vietnamese textile and garment industry has been losing popularity.
vitas proposes prime minister to stop wage increase

Vitas proposes prime minister to stop wage increase

Increasing the regional minimum wages, coupled with the high prices of social insurance and ocean shipping fares, has raised concerns about the development of Vietnam's textile and garment industry.
dinh vu polyester plant teetering on brink of bankruptcy

Dinh Vu polyester plant teetering on brink of bankruptcy

The failing state-funded Dinh Vu polyester plant invested by PetroVietnam Petrochemical and Textile Fiber JSC (PVTex), a joint venture of PetroVietnam and Vietnam National Textile and Garment Group (Vinatex), will be pushed to the brink of bankruptcy if foreign investors refuse to co-operate with PVTEX to revise the plant’s operations.
low emission energy technology sole lifeline of textile and garment sector

Low-emission energy technology: sole lifeline of textile and garment sector

The World Bank has officially introduced a $312.5-million loan package as part of the project themed “Vietnam Energy Efficiency for Industrial Enterprises” (VEEIE) to provide Vietnamese textile and garment enterprises capital to modernise equipment to save energy.
vinatex looking for heavyweight investors

Vinatex looking for heavyweight investors

Vietnam National Textile and Garment Group (Vinatex) has proposed the prime minister to allow the company to divest all state-owned capital as a measure to resolve difficulties in business.
vietnamese textile sector overcomes tpp fall back in style

Vietnamese textile sector overcomes TPP fall-back in style

With no sharp increase in sight, and despite a reduced number of projects in recent years, the Vietnamese textile industry still attracts more than $750 million in FDI in the first six months of this year, mostly from investment capital increases in existing projects.
indian companies to increase textile equipment exports to vietnam

Indian companies to increase textile equipment exports to Vietnam

Indian companies are looking to expand their presence in the Vietnamese textile and garment sector by selling machinery and technology to local partners.
replace workers with machines experts

Replace workers with machines: experts

The Korea Institute of Industrial Technology (KITECH) and the Việt Nam Textile and Apparel Association (VITAS) on Thurday held a conference to promote smart manufacturing for Viet Nam’s textile industry.
garment sector export growth still unsustainable

Garment sector export growth still unsustainable

Việt Nam’s garment and textile revenue increased for the first half of this year but experts said the growth has not yet become sustainable.
five prosecuted for massive losses at state run firm

Five prosecuted for massive losses at state-run firm

The Ministry of Public Security’s Investigative Agency has decided to prosecute five former executives of the textile factory of the State-run giant, PetroVietnam, and a subsidiary, for causing considerable economic losses.
pm urges vinatex reform

PM urges Vinatex reform

Prime Minister Nguyễn Xuân Phúc has urged the Việt Nam National Textile and Garment Group (Vinatex) to undertake comprehensive reform to develop its production and business. The message was conveyed yesterday to Vinatex by a working group led by Government Office Chirman Mai Tiến Dũng.