garment

Update news garment

Garment factories shift production to masks amid COVID-19

Vietnam's garment industry is suffering from an unprecedented crisis due to COVID-19, but the pandemic has also offered significant opportunities for the country to become the world’s face mask hub.

Hurdles to surmount in smart manufacturing

Local enterprises are willing to move towards smart manufacturing but support from the government is necessary to do so in a proper manner.

Vietnam posts record trade surplus of nearly US$11 billion

Vietnam enjoyed a trade surplus of close to US$11 billion during the first 11 months of the year, with roughly US$1.45 billion being recorded during November, according to the latest statistics released by the General Department of Vietnam Customs.

Providing compliance for origin of exports

Exporters are seeing an increase in complexities when it comes to moving goods to the United States, amid global tensions and trade disputes with the world’s major powers. 

Garment, textile industry gradually loses its advantages

Export target of US$40 billion of garment and textile industry this year is on the verge of failing to achieve due to several difficulties, such as a shortage of orders and high dependence on imported materials. 

VN textile-garment thrives with technology

Adopting advanced technology and improving the localisation ratio of materials and accessories are textile and garment enterprises’ best chance.

Garment orders don’t increase as expected

Vietnam’s textile and garment companies are trying to find more orders to ensure continuous production from now to the end of the year.

More Vietnamese firms adopt human rights commitments

All major lead firms in the garment, footwear and electronics industries in Vietnam have adopted a policy commitment on human rights and ethical...

Garment, textile sector still strong

Despite facing difficulties, the garment and textile sector is expected to export products worth US$31 billion this year, a year-on-year increase of 10.2 per cent, and the outlook is bright for next year too.

BUSINESS IN BRIEF 16/6

 Long Thanh airport site clearance runs short of VND18 trillion, S.Korea firms say customs rules still bothersome, Power consumption seen surging to record high, Garment, footwear exports fetch $15bn in five months

BUSINESS IN BRIEF 14/11

 Garment, textile export growth sees ten year low, Sun Life Financial acquires PVI Sun Life, Monetary policy supports economic growth, HN Exchange honours transparency, 2017 budget deficit set at 3.5% of GDP

BUSINESS IN BRIEF 16/10

Thai hotel operator comes to Vietnam, EVN focuses on completion of key power projects, Experts: PPP may boost agri-insurance growth, Garment, fibre, fabric exports hit nearly US$20 billion

Garment companies brace for fierce competition from foreign firms

Vietnamese garment companies now live with the fear that they may be dislodged from the home market by foreign investors who have been flocking to Vietnam to take full advantage of free trade agreements (FTAs).

Garment, textile industry faces cotton shortage

 VietNamNet Bridge – The domestic garment and textile sector has to import a large quantity of cotton as the country's cotton output met only 1 per cent of local producers' demand.

Textile & garment companies short of orders for rest of year

 VietNamNet Bridge – Many small-and medium-sized garment companies in HCM City reportedly have received only half to 60 percent of the orders they expected this year.  

BUSINESS IN BRIEF 20/7

 IPs, EPZs lure large FDI garment projects; Investors eye on dairy industry; Office rents in Hanoi fall further, says Savills;

BUSINESS IN BRIEF 28/5

 Trade surplus strikes US$928 million; Garment exports reach nearly US$6 billion; Vietnam- Singapore Biz Forum to open in HCM City; FDI disbursement hits US$4.6 bln; Vietnam-China mineral plant rolls out first batch

BUSINESS IN BRIEF 6/5

 Authorities call for oversight of fraudulent retail websites; Electronics sector in need of support; Even distribution of FDI a must: experts; Enterprise law seeks to open opportunities; Japan keen on hiring Vietnamese senior personnel

BUSINESS IN BRIEF 9/11

 Paris seminar highlights investment in Vietnam; Vietnamese footwear industry heads for record year; Gazprom discusses oil, gas ties with VN; VN company wins regional award for best cocoa

TPP will make Vietnam the world’s biggest garments center

Analysts believe that once joining the Trans Pacific Strategic Economic Partnership (TPP) agreement, Vietnam would have the opportunity to become one of the three biggest textiles and garments centers in the world.