textile and garment

Latest News about textile and garment

Garment companies struggle to escape Cut-Make-Trim productionicon
BUSINESS14/10/20190

Garment companies struggle to escape Cut-Make-Trim production

It is becoming more difficult for textile and garment companies to recruit workers as
labor costs keep increasing and workers quit to move to higher paying jobs. The only solution is changing the production method.

 
Will 85 percent of garment workers lose jobs in 4.0 industry era?icon

Will 85 percent of garment workers lose jobs in 4.0 industry era?

BUSINESS
28/08/2019

The scenario that 85 percent of garment workers would lose jobs to robots because of the 4.0 industry revolution will not happen in Vietnam in the next 10 years, businesspeople say.

VN yarn manufacturers worried about yuan depreciationicon

VN yarn manufacturers worried about yuan depreciation

BUSINESS
24/08/2019

For every one percent of the yuan depreciation against the dollar, the price of Vietnam’s yarn export to China would lose 3 US cents per kilogram, analysts estimate.

EVFTA: a 'highway' with many toll collection stationsicon

EVFTA: a 'highway' with many toll collection stations

BUSINESS
20/08/2019

The EU Vietnam free trade agreement (EVFTA) has been compared to a highway which allows businesses to go faster and boost their exports.

Experts issue warning about the EVFTAicon

Experts issue warning about the EVFTA

BUSINESS
14/08/2019

The benefits brought by EVFTA, CPTPP and other free trade agreements are described as ‘tonics’ and ‘supplements’ for Vietnam.

In trade war, FIEs in Vietnam get biggest benefitsicon

In trade war, FIEs in Vietnam get biggest benefits

BUSINESS
13/08/2019

In the first half of the year, foreign invested enterprises (FIEs) saw an excess of exports over imports of $15.68 billion, while the domestic economic sector witnessed a trade deficit of $15.7 billion.

VN textile & garment sector waiting for CPTPP benefitsicon

VN textile & garment sector waiting for CPTPP benefits

BUSINESS
12/08/2019

The textile and garment industry has orders to export $18 billion worth of products, but the opportunities brought by CPTPP have not been that great so far.

Garment orders don’t increase as expectedicon

Garment orders don’t increase as expected

BUSINESS
10/08/2019

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

If US imposes sanctions, some VN industries may be eliminatedicon

If US imposes sanctions, some VN industries may be eliminated

BUSINESS
06/08/2019

“We have discovered some Vietnamese businesses which joined hands with Chinese to help Chinese evade the US levy, " said Vu Duc Giang, chair of the Vietnam Textile and Apparel Association (Vinatas).

Vietnam’s textile and garment sector benefits from FTAs, trade waricon

Vietnam’s textile and garment sector benefits from FTAs, trade war

BUSINESS
26/07/2019

The US-China trade war and new FTAs have given a push to Vietnam’s textile and garment industry, helping it gain two-digit growth rates.

EU doors open widely to Vietnam’s farm produceicon

EU doors open widely to Vietnam’s farm produce

BUSINESS
14/07/2019

With the EU’s strong commitment on opening its market after the EU-Vietnam FTA (EVFTA) takes effect, 94 percent of 547 tax categories of vegetable and fruits will be removed.

Will Vietnamese products be dislodged from foreign-owned supermarkets?icon

Will Vietnamese products be dislodged from foreign-owned supermarkets?

BUSINESS
12/07/2019

If Vietnamese products are absent from large retail chains, domestic production will lose advantages in the home market, experts warn.

Vietnamese market share in US improves, but insignificantlyicon

Vietnamese market share in US improves, but insignificantly

BUSINESS
09/07/2019

The product items of labor-intensive industries that investors hope will benefit from the production relocation movement, including textile & garments, footwear and toys, still have not seen export growth breakthroughs in the US as expected.

Relying on Chinese materials, garment manufacturers can’t take full advantage of FTAsicon

Relying on Chinese materials, garment manufacturers can’t take full advantage of FTAs

BUSINESS
21/05/2019

Nearly 100 percent of materials needed to make textile and garment products must be imported, limiting Vietnam’s to take full advantage of preferential tariffs in FTAs.

VN textile and garment producers could face problems meeting CPTPP, EVFTA standardsicon

VN textile and garment producers could face problems meeting CPTPP, EVFTA standards

BUSINESS
21/05/2019

Vietnam’s textile and garment may not be able to take full advantage of the preferential tariffs of two important FTAs, CPTPP and EVFTA, because of problems in input materials.