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.
scope exists for wider trade relations with great britain

Scope exists for wider trade relations with Great Britain

Every year, British businesses import about $7 trillion of goods from all over the world. These can include cars, iron and steel, medical equipment and supplies, electronic goods, textiles and footwear, furniture, foodstuffs, and more. Some Vietnamese enterprises have penetrated the UK market, but with a very humble market share.
textile and garment groups feeling global squeeze

Textile and garment groups feeling global squeeze

A lack of orders is throwing a wrench into the works of textile and footwear enterprises that are already struggling with increasingly higher production costs than the competition in other markets.
textile and apparel firms increasingly going green

Textile and apparel firms increasingly going green

Going green increasingly becomes an inevitable trend among firms in the textile and apparel sector, with more units bolstering investment into greening their production.
us ratchets up origin tracing on cotton materials

US ratchets up origin-tracing on cotton materials

Amidst the changing geo-political landscape, the traceability of cotton materials has become a top concern for textile exporters.
facilitating recovery of vietnams yarn sector in midst of us policy enforcement

Facilitating recovery of Vietnam’s yarn sector in midst of US policy enforcement

The Vietnam Textile and Apparel Association has held a meeting with the US partners to discuss the enforcement of the Uyghur Forced Labor Prevention Act. Association chairman Vu Duc Giang shared with VIR’s Ky Anh the impact of the act on Vietnam’s garment exports to the United States.
vietnamese textile and garment businesses facing compliance pressure

Vietnamese textile and garment businesses facing compliance pressure

Vietnam's textile and apparel manufacturers are stepping up their efforts to comply with international standards for origin traceability.
textile garment exports set to reach 43 billion usd this year vitas

Textile-garment exports set to reach 43 billion USD this year: VITAS

Vietnamese textile-garment producers set to earn up to 21 billion USD from exports in the second half of 2022, raising total shipments of the year to around 42 – 43 billion USD, Chairman of the Vietnam Textile & Apparel Association (VITAS) Vu Duc Giang told a press conference on July 21.
robust mechanisms required to conquer russian textile market

Robust mechanisms required to conquer Russian textile market

With many advantages and an existing free trade agreement, Vietnam’s textile and garment exports to the $13-billion Russian market have big room for development, which could be further boosted by establishing joint ventures in the two nations.
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.