Garments and textile heads demand assistance

Garments and textile heads demand assistance

Leaders in the garments and textiles industry have spoken of the need for government assistance to ensure recovery.
Textile and garment industry awaiting fresh drive in order to reverse fortunes

Textile and garment industry awaiting fresh drive in order to reverse fortunes

Despite its continued reliance on traditional markets, the garments and textiles industry in Vietnam is gaining momentum for a gradual recovery in 2024 due to the diversification of its consumer base, products, and markets.
Vietnam's garment and textile companies eye sustainable products

Vietnam's garment and textile companies eye sustainable products

A new-generation free trade agreements and an increasing flow of investments into the local market are providing the foundations for garment and textile companies to diversify supply chains.
50 per cent of textile firms adopt sustainable production

50 per cent of textile firms adopt sustainable production

In the context of high inventories and dwindling demand, textile firms are seeking to green their production to receive orders.
Apparel groups anticipate ongoing rocky progress

Apparel groups anticipate ongoing rocky progress

India and Bangladesh are competing with Vietnam for garment orders, but China is the most formidable rival, while Cambodia and Myanmar are emerging as new exporting nations.
70,000 garment and textiles job cuts since January

70,000 garment and textiles job cuts since January

In an effort to retain as much personnel as possible, textiles firms are attempting to reduce production costs by any means possible.
Textiles and garments must satisfy importer needs

Textiles and garments must satisfy importer needs

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.
Hill still to climb for industrial production targets to be met

Hill still to climb for industrial production targets to be met

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.
Textiles and footwear industries face challenges

Textiles and footwear industries face challenges

Vietnamese textile and footwear businesses that participate in the supply chain are facing a slew of new possibilities and difficulties.
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 reported its highest figures of $71 billion in export turnover in 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.
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.
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.
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.
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