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.
Four trade associations propose to buy vaccines for member companies from UAE

Four trade associations propose to buy vaccines for member companies from UAE

Four trade associations have sought the government's approval to buy COVID-19 vaccines from a company in the UAE to provide free injections to their employees.
Textile and garment makers seek multitude of options

Textile and garment makers seek multitude of options

As the current outbreak of the pandemic remains complicated, textile and garment makers fear lasting impacts on their operations, with many of them hoping for either direct support from the government or the permission to take the initiative themselves.
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.
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