garment and textile groups cracking on with orders

Garment and textile groups cracking on with orders

Despite woes from domestic and export markets, garment and textile businesses have been excited to start production in the new lunar year, finding out new opportunities and markets to reach the goals set forth.
apparel makers seek ways to overcome difficulties ahead

Apparel makers seek ways to overcome difficulties ahead

With obstacles and challenges awaiting the garment and textile sector in the first half given a lack of recovery signal in global demand, most firms have prepared their schemes to overcome.
uk settles 23bn trade row with eu

UK settles £2.3bn trade row with EU

Britain said Thursday it had paid a whopping £2.3 billion ($2.8 billion) to settle a long-running row with the EU, despite having quit the bloc.
more responsible operations to help expand textile chains

More responsible operations to help expand textile chains

Vietnam’s textile and apparel sector is aiming to climb up the value chain, but export and distribution networks remain fundamental flaws.
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.
aurora ip makes further strides to support textile dyeing industry

Aurora IP makes further strides to support textile dyeing industry

On January 6, Cat Tuong Real Estate Group JSC inaugurated the CTe AQUA pumping station and pipeline system, marking an important milestone in completing the infrastructure for Rang Dong Textile Industrial Park (Aurora IP).
vinatex has flat revenue targets for 2023

Vinatex has flat revenue targets for 2023

Due to the anticipated market downturn, Vinatex predicts flat revenue and profit of just 86 per cent in 2023 compared to 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.
local groups stuttering amid drop in new orders

Local groups stuttering amid drop in new orders

The sharp drop in the number of orders has pushed Vietnamese exporters in textiles, garments, leather, footwear, wood furniture, and even food to close production lines and narrow their scale.
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.
garment and textiles going green in push to hit turnover goals

Garment and textiles going green in push to hit turnover goals

The garment and textiles industry in Vietnam is going green, with a series of companies and factories embracing eco-friendly initiatives firmly in line with global trends.
why singapore and vietnam together mean business

Why Singapore and Vietnam together mean business

At first glance, there may appear to be few similarities between the economies of Vietnam and Singapore. One is a leading exporter of consumer electronics, textiles, and footwear while the other is a global hub for shipping, technology, and financial services. Yet, like many successful partnerships, strong potential synergies exist.
sustainability key to cotton production growth experts

Sustainability key to cotton production growth: Experts

Sustainable cotton production will drive continuous improvement of the garment and textile industry's key indicators for sustainable development, according to experts.