vietnam prepares for eus sustainable textiles overhaul

Vietnam prepares for EU’s sustainable textiles overhaul

As the European Union attempts to transition to a more sustainable and circular economy, exporting nations will confront new laws and criteria to access the EU market, notably when it comes to garments and textiles.
textile apparel sector increasingly going green

Textile apparel sector increasingly going green

More producers in the textile apparel sector are adopting measures for green and sustainable production to meet increasingly stringent requirements from trading partners, as well as create extra income sources.
five items with export value of over 10 billion usd

Five items with export value of over 10 billion USD

Five commodities posted an export value of more than 10 billion USD in the first seven months of this year, making up 57.6 per cent of Vietnam’s total exports.
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.
fies in vietnam promote green energy growth

FIEs in Vietnam promote green energy growth

With recent power shortages stemming from increased seasonal demand, along with the growing appetite for electricity from commercial and residential developments, the need for a more reliable power supply has made Vietnam an attractive market for foreign investors to develop rooftop solar energy. This has been led by Vietnam's foreign-invested enterprises (FIEs) in the manufacturing sector, particularly the electronics, semiconductor, and textile industries
textile apparel sector losing advantage in price competition

Textile apparel sector losing advantage in price competition

Many producers in the textile apparel sector are on tenterhooks as export orders are increasingly shifting to other countries like Bangladesh or India for more favourable pricing.
regina miracle slashes workforce by 8400 amidst falling export orders

Regina Miracle slashes workforce by 8,400 amidst falling export orders

Facing a significant downturn in export orders, Regina Miracle, a global lingerie manufacturer, has reduced its Vietnamese workforce by 8,400 employees within a year, reflecting wider economic challenges in the country's textile and leather sectors.
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.
textile apparel sector in dire straits

Textile apparel sector in dire straits

Businesses in the textile apparel sector face critical times amid sinking domestic and global demand, and a heavy drop in export processing fees.
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.
tough times for garments and textiles firms

Tough times for garments and textiles firms

Garments and textiles firms are experiencing several hardships at the same time, with not only crippling interest repayments, but some are also experiencing scarcity of capital and a considerable drop-off in orders. Add in a slow and complex tax refund system, and it's easy to see why garments and textiles firms are suffering.
apparel firms scaling down business targets

Apparel firms scaling down business targets

Many apparel, textile and spinning firms are setting 2023 business targets far below last year's figures amid gloomy market conditions and sinking orders.
garments and textiles sector cautious for 2023

Garments and textiles sector cautious for 2023

Businesses in the garments and textiles sector are being cautious in their business plans for 2023 amid diminishing total demand and rising inventory.
apparel groups begin fine tuning goals

Apparel groups begin fine-tuning goals

Players in the garment and textile sector are crafting prudent business targets with radical measures to weather current stormy times spanning from late last year.
apparel groups under supply chain pressure

Apparel groups under supply chain pressure

Vietnam’s textiles, garments, and footwear are compelled to compete on the basis of quality, the environment, and the working conditions of its employees, since low-cost labour and cheap prices are no longer an advantage.