small textile groups left behind as big brands take on recycling

Small textile groups left behind as big brands take on recycling

Some of Vietnam’s biggest textile groups are picking up on the worldwide trend of utilising recycled materials, with several largest global brands increasingly switching to greener methods.
textile groups in demand slump

Textile groups in demand slump

The challenge for Vietnam’s textile and garment exporters remains the high price of input materials, coupled with inflation that is reducing general shopping demand.
listed garment groups predict a prosperous year

Listed garment groups predict a prosperous year

First-quarter results of listed textile and garment companies are setting a bright picture for 2022 and contributing to the year’s export goal of over $43 billion, despite the uncertain global economy.
brightened prospects for garment and textile industry

Brightened prospects for garment and textile industry

Thanks to the flexible policies of the government on pandemic prevention and international integration, garment and textile exporters have been overcoming the woes of 2021 and achieved their yearly targets.
vinatex pre tax profit doubles on year from buoyant yarn business

Vinatex pre-tax profit doubles on-year from buoyant yarn business

The rosy yarn business has contributed over 50 per cent to Vinatex’s total pretax profit of VND1.2 trillion ($52.17 million) in 2021, twice as much as in 2020 and 70 per cent higher against than in the pre-pandemic level in 2019.
production aids business confidence

Production aids business confidence

With export companies recovering well following the lifting of COVID-19 restrictions and workers returning, numerous businesses are hoping for support in order to invest in new technology to enhance productivity.
nike and adidas maintain supply chain operations in vietnam

Nike and Adidas maintain supply chain operations in Vietnam

Rumours that Nike and Adidas would move production out of Vietnam in August and September were rebutted by the Vietnam Textile and Apparel Association (VITAS) as the brands do not own any plants in the country.
vietnamese textile and garment producers on track with 2021s goal

Vietnamese textile and garment producers on track with 2021's goal

Despite the heavy influence of the pandemic, Vietnam's textile and garment makers are striving to achieve the nations' export turnover target in 2021, further supported by the prestigious Vietnam Value Programme, which itself aims to raise recognition of domestic products at home and abroad.
681 per cent of textile and footwear businesses hit with fines for late delivery

68.1 per cent of textile and footwear businesses hit with fines for late delivery

A new survey reveals that a large number of textile and footwear enterprises have been fined by some brands for late deliveries in 2021 and new orders for 2022 were suspended or reduced in quantity.
mpi supports adidas and other factories in south to resume operations

MPI supports adidas and other factories in south to resume operations

The Ministry of Planning and Investment (MPI) and southern authorities pledged to support adidas and other companies in overcoming the pandemic to resume soon.
thanh cong textile recognises first monthly loss in 2021

Thanh Cong Textile recognises first monthly loss in 2021

Thanh Cong Textile Garment – Investment – Trading JSC (HSX: TCM), one of the leading enterprises of Vietnam's textile and garment industry, reported its first after-tax loss of $282,425 of the year in August due to the COVID-19 pandemic.
living wage for garment workers in vietnam up 57 per cent

Living wage for garment workers in Vietnam up 57 per cent

According to a new analysis from the non-profit Fair Labor Association (FLA), clothing companies in Vietnam were able to raise workers' wages by as much as 57 per cent over the past three years.
ceos of global brands call on us to provide more vaccines to vietnam

CEOs of global brands call on US to provide more vaccines to Vietnam

90 CEOs of world-renowned brands including Adidas, Gap, Echo Lake, and Nike have signed a letter to US President Joe Biden requesting more COVID-19 vaccine support for Vietnam.
enterprises at risk of falling out of global supply chains due to fourth outbreak

Enterprises at risk of falling out of global supply chains due to fourth outbreak

Although Vietnam has dealt with previous COVID-19 outbreak with spectacular success, it stands to lose some of its hard-earned gains if it cannot overcome the latest outbreak that has paralysed industries in the past couple of months.
textile and apparel sector yearning for government support to curtail covid 19 impacts

Textile and apparel sector yearning for government support to curtail COVID-19 impacts

Textile and apparel businesses in South Vietnam are facing critical levels of disruption due to severe social distancing measures to combat the COVID-19 pandemic and are requesting urgent support from the government and other industries to reboot operations.