Textile apparel firms deliver robust earnings despite global tariff pressures

Textile apparel firms deliver robust earnings despite global tariff pressures

The textile and garment industry is posting robust profits, with total exports for the sector this year expected to reach $46 billion.
Businesses shift to local supply chains and market diversification amid new US tariffs

Businesses shift to local supply chains and market diversification amid new US tariffs

Vietnamese businesses are adapting to new US tariffs by investing in local supply chains, exploring new export markets, and innovating to stay competitive.
Garment giants post robust Q1 profits despite global trade headwinds

Garment giants post robust Q1 profits despite global trade headwinds

Vietnamese textile apparel producers saw impressive profit growth in the first quarter (Q1) of 2025, signaling a strong recovery.
Opportunities await textiles and apparel sector

Opportunities await textiles and apparel sector

Increasing demand towards the year-end and global economic factors present significant opportunities for textile and apparel businesses.
Forex rate hike dampens business performance in Q1

Forex rate hike dampens business performance in Q1

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

Export picture brightening in Q1

Export performance looked broadly positive in the first quarter.
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 apparel sector losing advantage in price competition

Textile apparel sector losing advantage in price competition

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

Textile apparel sector in dire straits

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

Tough times for garments and textiles firms

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

Apparel firms scaling down business targets

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

Garments and textiles sector cautious for 2023

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

Vinatex has flat revenue targets for 2023

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

Textile and apparel firms increasingly going green

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

Creating more solidarity to accomplish Vinatex goals

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.
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