Textile and garment industry
The textile and garment industry still has a great need to attract foreign capital for the production of fabrics, yarns and accessories to serve export needs to take advantage of tariff preferences from free trade agreements (FTAs).
Vietnamese textile and garment businesses facing compliance pressure
Textile and garment production struggles due to lack of fabric
Vietnam’s underdeveloped fabric production is making it difficult for textile and garment businesses to take advantage of free trade agreements, including the Europe – Vietnam FTA (EVFTA).
Fabric production an issue for Vietnam's textile industry
Fabric production is a challenge for Vietnam's textile and garment industry when it comes to free trade agreements (FTAs) requirements on product origin.
Vietnamese textile and garment industry: difficulties still ahead
With demand decreasing sharply, the textile and garment industry is expected to continue facing difficulties in Q2.
Unable to find new markets, garment companies lower business targets
Garment companies have been told to find new alternative markets as the US and EU are busy fighting against Covid-19.
Vietnamese enterprises look forward to urgent help
Businesspeople say the impact of the COVID-19 epidemic on enterprises has been ‘beyond imagination’.
VN garment export target of $40 billion a long shot
The domestic textile and garment industry was still striving to reach its export revenue target of US$40 billion this year despite facing many difficulties, said Vu Duc Giang, chairman of the Vietnam Textile and Apparel Association (VITAS).
VN textile and garments likely to hit $40b in exports this year
Vietnam’s textile and garment industry was likely to reach its target of US$40 billion in export turnover this year despite facing difficulties in some markets.
VN businesses oppose reduction of working hours
The business community has protested the Ministry of Labor, War Invalids and Social Affairs’ (MOLISA) intention to cut the weekly maximum working hours from 48 to 44 hours.