Coolmate draws $500,000 investment from STIC Investments

Coolmate draws $500,000 investment from STIC Investments

Coolmate, a Vietnamese men's clothing brand, has recently wrapped up a $500,000 pre-A round investment from South Korea’s STIC Investments.
M&A appetite robust in textile and garment sector

M&A appetite robust in textile and garment sector

Vietnamese textile and garment firms struggling due to the COVID-19 pandemic are becoming potential targets for mergers and acquisitions (M&A).
Global prospects abound for textiles

Global prospects abound for textiles

Vietnam’s textile and garment industry is being transformed to adapt to new challenges by diversifying its export and input markets, thereby lessening the dependence on certain countries.
Bright signs from textile and apparel export

Bright signs from textile and apparel export

Many textile apparel firms have posted upbeat export performance in early 2021 with signed export orders until this upcoming July and August.
Muji opens its largest store in Southeast Asia in Vietnam

Muji opens its largest store in Southeast Asia in Vietnam

Muji officially opened its largest store in Southeast Asia in Vietnam in the context of its success in controlling the COVID-19 epidemic and Black Friday.
Vietnamese fashion brand SIXDO officially launched

Vietnamese fashion brand SIXDO officially launched 1

Local fashion brand SIXDO officially launched its fashion show and also opened 30 stores across the country.
Song Hong Garment yet to set aside provisions for New York & Co. receivables

Song Hong Garment yet to set aside provisions for New York & Co. receivables

Song Hong Garment (HSX: MSH) is running large risks by not setting aside provisions for the US partner’s debt.
Vinatex facing difficulties in past two quarters

Vinatex facing difficulties in past two quarters

Scattered orders along with a saturated market for face masks have pushed Vinatex in the deep in the last two quarters.
New York & Co's collapse a heavy hit to Song Hong Garment

New York & Co's collapse a heavy hit to Song Hong Garment

Song Hong Garment is looking at bleaker prospects after the collapse of New York & Co, its largest overseas partner.
Vietnam’s textile and garment companies suffer from JCPenney bankruptcy

Vietnam’s textile and garment companies suffer from JCPenney bankruptcy

Once JCPenney files for bankruptcy, hundreds of textile and garment stores, including those in Vietnam, will have to cease and desist orders.
Viet Tien foresees 70 per cent drop in profit due to COVID-19

Viet Tien foresees 70 per cent drop in profit due to COVID-19

The COVID-19 lockdown deeply altered Viet Tien's outlook, forcing it to revise its profit plan to an estimated drop of 70 per cent this year.
Rules of origin pose questions for sectors jostling for position

Rules of origin pose questions for sectors jostling for position

Although the free trade agreement between the European Union and Vietnam will offer great opportunities for wood investors and exporters, its rules of origin may not provide a big boon to local textile and garment businesses.
UNIQLO, Gap, and Nike disrupted by COVID-19 epidemic

UNIQLO, Gap, and Nike disrupted by COVID-19 epidemic

The lack of local supply for garment and textile producers caused by COVID-19 has raised concerns among international fashion brands like UNIQLO, Gap, and Nike.
UNIQLO dips toe in Hanoi waters

UNIQLO dips toe in Hanoi waters

After announcing the opening of its first store at Parkson Saigon Tourist Plaza in Ho Chi Minh City, Uniqlo is now reqruiting staff in Hanoi.
Better production with digital help in textile and garment sector

Better production with digital help in textile and garment sector

Over 100 representatives from South Korean and Vietnamese textile and garment enterprises participated in the fifth KITECH – VITAS Textile and Garment Seminar.
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