Textile

Update news Textile

Many Vietnamese firms could stop operations by late March as inputs run out

The disruption of materials supply chain from major markets to Vietnam has led to a lower growth rate of the industrial production index in the first two months.

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.

Securities company lists 9 industries that will be affected by epidemic

Nine industries could be negatively affected in the short term by the fallout of the coronavirus epidemic, according to SSI Securities Corp.

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. 

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.

Textile, dyeing projects unwelcome in many localities

Many localities in the country have refused textile and dyeing projects due to fears of environmental pollution, said Vu Duc Giang, chairman of the Vietnam Textile and Apparel Association (VITAS).

 

BUSINESS NEWS IN BRIEF 20/9

Textile, garment industry expo opens in Ha Noi, Industry 4.0 Lab set up in Dong Nai with Bosch Rexroth assistance, Vietnam’s seafood exports to ASEAN expected to reach 1 billion USD soon, HCM City pledges to assist ICT enterprises

BUSINESS IN BRIEF 25/1

 Measures to upgrade Tan Son Nhat International Airport discussed, Textile, garment sector finds way to restore, Two deputy interior ministers disciplined, KPMG: Online shopping seen booming in Vietnam

BUSINESS IN BRIEF 7/2

HAGL's first Australian beef products introduced to HCM City market; Growth expected in textile, footwear export turnover;

Foreign investment increases in textile-garment projects

 VietNamNet Bridge - In the past 10 months, nearly 20 foreign firms invested hundreds of millions of US dollars in Vietnam's garment industry.

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.  

Vinatex prepares for IPO as other SOEs fail to sell shares

 VietNamNet Bridge – The Viet Nam National Textile and Garment Group (Vinatex) remains under pressure to launch a successful initial public offering.

BUSINESS IN BRIEF 29/11

 GE to expand operations in Vietnam; Vietnam’s bond market fastest growing in East Asia; Mekong Delta strives to remain as top rice granary; Vietnamese bank makes deal with foreign consultant

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.

BUSINESS IN BRIEF 10/9

 VN textile, garment industry to join TPP; Banks ignore deposit interest cap in desperate liquidity bid; Vinh Long prepares to host Mekong forum; EVN tackles gas pipeline halt

TPP and the Vietnamese textile & garment story

If negotiating is successful, 95 percent of Vietnam’s textile and garment categories of exports to the US would enjoy the zero tariff. Meanwhile, 55 percent of the Vietnam’s total products go to the market.

BUSINESS IN BRIEF 15/3

New bond trading system launches; Businesses respond to e-customs procedures; First BPO joint venture established in Southeast Asia; Plans surrounding Vietnam’s largest int’l airport

BUSINESS IN BRIEF 24/2

Investment push in central coastal region; Supermarkets achieve strong growth at Tet; Low CPI growth this month: ministry; Thriving market for affordable housing forecast this year