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

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

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.

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. 

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

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).

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

 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

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

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

 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.  

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

 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

 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

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.

 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

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.

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

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