textile and garments

Update news textile and garments

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

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.

No end to woes of local textile and garment industry

While the supply of raw materials from China is recovering after a month of suspension, textile and garment businesses find that they have moved out of the frying pan into the fire as the COVID-19 pandemic

Rapid-fire orders bring more jobs, but not profits

 VietNamNet Bridge – Though orders from foreign partners are coming thick and fast, Vietnamese enterprises say they can expect only modest profits due to a sharp increase in input material prices.