vietnams garment and textile companies eye sustainable products

Vietnam's garment and textile companies eye sustainable products

Companies seek to diversify supply chains to tap into opportunities from a wide range of new-generation free trade agreements and an increasing flow of investments into the local market.
50 per cent of textile firms adopt sustainable production

50 per cent of textile firms adopt sustainable production

In the context of high inventories and dwindling demand, textile firms are seeking to green their production to receive orders.
apparel groups anticipate ongoing rocky progress

Apparel groups anticipate ongoing rocky progress

India and Bangladesh are competing with Vietnam for garment orders, but China is the most formidable rival, while Cambodia and Myanmar are emerging as new exporting nations.
70000 garment and textiles job cuts since january

70,000 garment and textiles job cuts since January

According to a report of the Ministry of Labour, Invalids and Social Affairs (MoLISA) released on June 5, workers in the garment and textile sector suffered the most from a series of job cuts in the first five months of this year, with 70,000 workers losing their jobs and 66,600 having their working hours reduced.
textiles and garments must satisfy importer needs

Textiles and garments must satisfy importer needs

Vietnam’s textile and garment sector is developing new competitive advantages to preserve its position as the world’s third-largest exporter. Van Nguyen spoke with Vu Duc Giang, chairman of the Vietnam Textile and Apparel Association, on the subject.
hill still to climb for industrial production targets to be met

Hill still to climb for industrial production targets to be met

Vietnam’s industrial production is faced with high problems caused by a rise in costs and material shortages, which are undermining the country’s economic outlook.
textiles and footwear industries face challenges

Textiles and footwear industries face challenges

Vietnamese textile and footwear businesses that participate in the supply chain are facing a slew of new possibilities and difficulties, according to industry insiders.
garment and footwear exports hit new peak at 71 billion

Garment and footwear exports hit new peak at $71 billion

Despite orders in the last quarter dropping sharply, garment and footwear production still reported its highest figures of $71 billion in export turnover in 2022.
exporters urged to proactively deal with drop in orders

Exporters urged to proactively deal with drop in orders

A new HSBC report has underlined the choppy waters ahead for Vietnamese exports, encouraging industries in the country to plan ahead by eyeing up niche markets and taking on smaller orders to maintain production.
textile groups at pains to regather momentum

Textile groups at pains to regather momentum

Orders of textile and garment exporters in the last months of the year have been falling sharply compared to production capacity, combined with fluctuating raw material prices, leaving many businesses to prepare for a bumpy year ahead.
choosing the optimal time for greener investment

Choosing the optimal time for greener investment

In the context of a drop in textile and apparel orders, the purchasing power of the industry has diminished as a result of the economic recession and inflation. Truong Van Cam, general secretary and vice chairman of the Vietnam Textile and Apparel Association, explained to VIR’s The Hai why now is the time for textile producers to explore restructuring and investing in their facilities under a greener model.
textile enterprises face difficulties in 2023

Textile enterprises face difficulties in 2023

The economic downturn and high inflation in many major export markets exerts difficulties on Vietnam’s textile exporters for 2023.
textile and garment groups feeling global squeeze

Textile and garment groups feeling global squeeze

A lack of orders is throwing a wrench into the works of textile and footwear enterprises that are already struggling with increasingly higher production costs than the competition in other markets.
vietnamese textile and garment businesses facing compliance pressure

Vietnamese textile and garment businesses facing compliance pressure

Vietnam's textile and apparel manufacturers are stepping up their efforts to comply with international standards for origin traceability.
robust mechanisms required to conquer russian textile market

Robust mechanisms required to conquer Russian textile market

With many advantages and an existing free trade agreement, Vietnam’s textile and garment exports to the $13-billion Russian market have big room for development, which could be further boosted by establishing joint ventures in the two nations.