21-08-2023 15:22
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.
15-08-2023 17:30
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.
07-08-2023 09:48
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.
18-07-2023 19:08
In the context of high inventories and dwindling demand, textile firms are seeking to green their production to receive orders.
17-07-2023 19:02
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
17-07-2023 09:08
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.
04-07-2023 10:30
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.
04-07-2023 09:55
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.
03-07-2023 08:51
Businesses in the textile apparel sector face critical times amid sinking domestic and global demand, and a heavy drop in export processing fees.
06-06-2023 08:16
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.
26-05-2023 16:00
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.
10-05-2023 12:09
Many apparel, textile and spinning firms are setting 2023 business targets far below last year's figures amid gloomy market conditions and sinking orders.
28-04-2023 16:26
Businesses in the garments and textiles sector are being cautious in their business plans for 2023 amid diminishing total demand and rising inventory.
13-04-2023 13:00
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.
15-03-2023 11:00
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.