Regina Miracle slashes workforce by 8,400 amidst falling export orders
July 04, 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.
Japanese textile enterprises consider shrinking production in Vietnam
February 15, 2023 | 12:06
Facing labour cost increases and a low localisation rate, some Japanese textile companies are thinking about cutting production in Vietnam.
Vinatex has flat revenue targets for 2023
January 03, 2023 | 15:54
Due to the anticipated market downturn, Vinatex predicts flat revenue and profit of just 86 per cent in 2023 compared to 2022.
Textile groups at pains to regather momentum
December 01, 2022 | 18:00
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.
Vietnamese textile and garment businesses facing compliance pressure
August 02, 2022 | 13:21
Vietnam's textile and apparel manufacturers are stepping up their efforts to comply with international standards for origin traceability.
Vietnamese textile and garment producers on track with 2021's goal
November 15, 2021 | 20:29
Despite the heavy influence of the pandemic, Vietnam's textile and garment makers are striving to achieve the nations' export turnover target in 2021.
Vietnam surpasses Bangladesh as world's second-largest garment exporter
August 03, 2021 | 09:53
Vietnam has overtaken Bangladesh as the second-biggest garment exporter, according to the latest data released by the World Trade Organization (WTO).
RCEP advantages within reach
January 03, 2021 | 08:00
Textile, footwear, and apparel producers have always faced complicated trading arrangements.
Textile, footwear companies feel confident
August 17, 2020 | 13:00
Armed with experience from coping with the first wave of the COVID-19 epidemic, many textile and footwear enterprises are quietly confident they can alter their plans as required and find new markets to cope with the second.
Securities company lists 9 industries that will be affected by epidemic
February 06, 2020 | 16:11
Nine industries could be negatively affected in the short term by the fallout of the coronavirus epidemic, according to a report by SSI Securities Corporation.
Textile-garment thrives with technology
November 12, 2019 | 12:38
Adopting advanced technology and improving the localisation ratio of materials and accessories are textile and garment enterprises’ best chance.
Garment, footwear firms must wait for EVFTA benefits
July 15, 2019 | 21:47
Textile, garment and footwear products made in Viet Nam will not enjoy immediate tariff cuts after the EU-Viet Nam Free Trade Agreement (EVFTA) comes into effect, according to a report from Bao Viet Securities Joint Stock Company (BVSC).
EVFTA may help Phong Phu become new supplier of Zara and H&M
July 12, 2019 | 13:34
The local textile industry will reap great benefits from the EVFTA, as demonstrated by Phong Phu JSC becoming a supplier to brands like Zara, H&M, and Levis.
Textile and garment exports fetch $4.89b in two months
March 12, 2019 | 14:16
The country’s export turnover of textile and garments reached US$4.89 billion over the past two months, up 19 per cent year-on-year, according to the Ministry of Industry and Trade (MoIT).
CPTPP to create impetus for textile, footwear industries
November 16, 2018 | 12:48
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) agreement is expected to aid Vietnam’s exports, especially textiles and footwear industries, when it takes effect, according to experts.
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