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.
15-03-2023 09:00
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.
14-03-2023 09:59
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.
13-03-2023 10:00
Vietnam is a star in the global supply chain in terms of garments and textiles, footwear and electricity, according to a new report.
09-03-2023 10:00
Foreign-invested enterprises look set to struggle this year, particularly in garments, textiles, and footwear, as exports continue to fall and more workers are laid off.
03-03-2023 20:01
Many textile and apparel firms have had to postpone investment and expansion plans in the face of soaring interest rates, high production costs and dwindling order intake.
24-02-2023 21:00
The Vietnam Leather, Footwear and Handbag Association (Lefaso) expects to face many challenges this year in its efforts to maintain growth in the industry, according to the company's chairman, Nguyen Duc Thuan. This is despite the sector overcoming many difficulties to achieve impressive export turnover in 2022.
22-02-2023 16:34
Vietnam's textiles sector could be facing brighter prospects this year as, despite the overall gloomy forecast for the global economy for 2023, local producers are aiming to meet the growing demand for clothes in the international market.
20-02-2023 14:00
Vietnamese textile and footwear businesses that participate in the supply chain are facing a slew of new possibilities and difficulties, according to industry insiders.
15-02-2023 12:06
Facing labour cost increases and a low localisation rate, some Japanese textile companies are thinking about cutting production in Vietnam.