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.
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.
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.
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 VITAS as the brands do not own plants in the country.
Vietnamese textile and garment producers on track with 2021's 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.
68.1 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 large number of textile and footwear enterprises have been fined for late deliveries in 2021 and had new orders for 2022 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 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 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 new analysis from 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, and Nike 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

Vietnam 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 producers in South Vietnam are requesting urgent support from the government to reboot operations amid social distancing measures.
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