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Update news apparel
On-spot exports are now not subject to duty exemption, possibly derailing the recovery of textile and footwear companies.
Textile and garment companies have made big strides in the industry for the past decade, but 2020 was a challenge.
The COVID-19 pandemic has left Vietnam’s textile and garment sector in deep trouble because of rising order cancellations and delays, but some producers have found a way around and been able to weather the storm.
Insiders have recommended Vietnam pay attention to developing weaving and other production activities supporting the textile-garment sector to make best use of the EVFTA, a freshly-inked free trade agreement with the EU.
State sets new lending rates for VND loans; MoF may increase export tax on woodchips; Investors snap up Government bonds; VN's richest men increase asset value; Fishery firm ups profit by 31 times