Forex rate hike dampens business performance in Q1
May 14, 2024 | 18:45
The VND-USD exchange rate has risen 5.9 per cent so far this year, badly affecting the performances of a slew of businesses in the first quarter.
Export picture brightening in Q1
March 28, 2024 | 16:46
Export performance looked broadly positive in the first quarter.
Garments and textile heads demand assistance
March 19, 2024 | 10:24
Leaders in the garments and textiles industry have spoken of the need for government assistance to ensure recovery.
Textile apparel sector losing advantage in price competition
July 17, 2023 | 09:08
Many producers in the textile apparel sector are on tenterhooks as export orders are increasingly shifting to other countries like Bangladesh or India for more favourable pricing.
Textile apparel sector in dire straits
July 03, 2023 | 08:51
Businesses in the textile apparel sector face critical times amid sinking domestic and global demand, and a heavy drop in export processing fees.
Tough times for garments and textiles firms
May 26, 2023 | 16:00
Businesses in the garments and textiles sector are facing increasing difficulties that are forecast to linger in the months to come.
Apparel firms scaling down business targets
May 10, 2023 | 12:09
Many apparel, textile and spinning firms are setting 2023 business targets far below last year's figures amid gloomy market conditions and sinking orders.
Garments and textiles sector cautious for 2023
April 28, 2023 | 16:26
The garments and textiles sector is being cautious in its outlook for 2023 amid diminishing total demand and rising inventory.
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 and apparel firms increasingly going green
August 10, 2022 | 15:12
Going green increasingly becomes a trend among firms in the textile and apparel sector, with more units bolstering investment into greening production.
Creating more solidarity to accomplish Vinatex goals
February 08, 2022 | 10:00
Vietnam’s garment and textile exports were estimated to have hit $39 billion last year, representing an increase of 11.2 per cent on-year and 0.3 per cent higher than the figure in 2019, before strict pandemic restrictions were imposed. This success was attributed partly to Vietnam’s state-run Vinatex and its subsidiaries, which all expect further impressive growth this year.
Vinatex pre-tax profit doubles on-year from buoyant yarn business
December 27, 2021 | 08:23
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.
Bright signs from textile and apparel export
March 03, 2021 | 22:13
Many textile apparel firms have posted upbeat export performance in early 2021 with signed export orders until this upcoming July and August.
Textile-garment exports to continue declining
August 25, 2020 | 16:52
The Vietnam Textile and Garment Group (Vinatex) forecasts the country’s textile and garment exports will continue to decline by 14-18 percent each month for the rest of 2020 over the same period last year.
Vinatex facing difficulties in past two quarters
August 08, 2020 | 13:19
Scattered orders along with a saturated market for face masks have pushed Vinatex in the deep in the last two quarters.
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