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.
Vinatex pre-tax profit doubles on-year from buoyant yarn business

Vinatex pre-tax profit doubles on-year from buoyant yarn business

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

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.
Textile-garment exports to continue declining

Textile-garment exports to continue declining

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

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.
Textile makers skirt virus disruptions

Textile makers skirt virus disruptions

Temporary factory closures and imminent layoffs are going to push textile and garment enterprises into deep water due to a lack of raw materials as well as mass order cancellations from European and American buyers during the ongoing global health crisis.
Vinatex faces damage of $43 million due to COVID-19

Vinatex faces damage of $43 million due to COVID-19 1

Even if COVID-19 is brought under control by May, the textile and garments industry will take a damage of $480 million, with Vinatex taking $43 million.
Complying with origin rules critical for garment exports

Complying with origin rules critical for garment exports

To take advantage of free trade agreements and expand exports, meeting rules of origin is crucial for the garment and textile sector, industry insiders have said.
Investigation into PetroVietnam losses in Dinh Vu polyester

Investigation into PetroVietnam losses in Dinh Vu polyester

The Haiphong agency has requested PetroVietnam to comply with the investigation into its deals related to PVTex and Dinh Vu polyester plant.
Vinatex liabilities stand at 62.6 per cent of total assets

Vinatex liabilities stand at 62.6 per cent of total assets

Despite good export performance and Itochu getting on board, Vinatex has not managed to reduce liabilities.
Large land bank may lure investors to Hanosimex?

Large land bank may lure investors to Hanosimex?

Owning numerous large-scale land plots may attract investors to Hanosimex for its listing on the Unlisted Public Company Market (UpCOM).
Foreign investors turn to M&A to increase SOE holdings

Foreign investors turn to M&A to increase SOE holdings

Foreign investors at state-owned firms are looking to increase their holdings via M&A deals to solidify their footholds in Vietnam.
Ten divestments in spotlight for 2018

Ten divestments in spotlight for 2018

After 2017’s significant state capital divestment deals, the Vietnamese market is expected to see some of the most anticipated sales in 2018.
Fibre makers bring  synergy to textile and garment sector

Fibre makers bring synergy to textile and garment sector

Vietnam’s growing textile and garment sector is known as a bustling, labour-intensive producer of profitable exports - but one that still needs to heavily rely on imported raw materials.
Vinatex unravels its business positions

Vinatex unravels its business positions

Leading textile and garment group Vinatex is ramping up efforts to divest from non-core businesses.
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