vietnam's garment-textile industry

Update news vietnam's garment-textile industry

Businesses advised to leverage new growth of Vietnam’s garment-textile sector

Although the garment and textile industry is witnessing new export growth, the sector still faces challenges due to increasing market and customer demands, requiring them to leverage the industry’s position in the world market, according to experts.

Textile and garment exports projected to grow by up to 10% amid abundant orders

The majority of garment companies of the Vietnam Textile and Garment Group have enough orders until the end of the year and are currently negotiating orders for early 2025.

Garment and textile industry pins hope on a robust second half

The garment and textile industry expects to see robust growth in the second half of this year, with rising orders and improving consumption demand.

Garment makers confident to beat US$44 bln export target for 2022

The garment industry says its goal of earning US$44 billion from exports this year is likely to be within reach as many garment makers have secured export orders till the end of the third quarter, plus sound performance in the first quarter.

FDI flow into garment and textile sector bounces back

The flow of foreign direct investment (FDI) into the Vietnamese garment and textile sector has rebounded thanks to the country’s sound investment climate and abundant workforce as well as its open economy, according to insiders.

VN textile exports in 2023 face most difficult year in three decades

Expanding customer bases and diversifying products are the necessary solutions to maintain production and grow businesses, experts say.

VN textiles and garments yet to fully unlock FTA’s advantages and potential

Vietnam's textile and garment industry has not been able to fully capitalize on the advantages and potential of FTAs, according to the Ministry of Industry and Trade (MoIT).

Vietnamese textile-garment sector logs record number of export markets

Vietnam's textile and garment products have been exported to 104 countries and territories this year – a record number, said Chairman of the Vietnam Textile and Apparel Association (VITAS) Vu Duc Giang.

Big garment producer downsizes workforce

Garmex Sai Gon (GMC) has reported big losses and cut its workforce. Other garment companies are also facing difficulties.

Worst is over for garment, footwear exports, growth next year

Statistics of the General Department of Customs showed that the export of garments fell by 12.9% to US$27.7 billion in the first ten months of this year, and that of footwear by 18.3% to US$16.4 billion.

Made-in-Vietnam garment products exported to 104 markets

Vietnam's garment and textile industry sets the goal for export revenue at $44 billion in 2024.

VN garment sector sees signs of recovery

Garment and textile firms are urged to flexibly implement measures to bring into full play market opportunities and promote growth, so as to fulfil the set goal of over 40 billion USD in export revenue this year.

VN textile, garment sector expects better performance in Q4

Việt Nam's textile and garment industry expects to have a better performance in production and business in the fourth quarter.

Positives signs for garments and textiles

The garments and textiles industry is showing signs of improvement as recovery in key export markets leads to a boost in orders.

Golden time for Vietnamese apparel sector switch to green production

The green transition has been increasingly implemented by businesses in VN for the past five years.

Vietnam's garment enterprises face increasing global competition

Vietnamese garment enterprises are facing more competition as well as stricter quality and environmental standards in the global market.

Listed textiles enterprises face negative prospects this year

The slowdown of global economic growth has affected manufacturing activities across industries, including textiles.

Lifting the value of export apparel

Experts agree that improving textile production, fashion design and localization is needed for the long-term development of the domestic garment sector.

VN garment industry in difficulty as global market shrinks

Vietnamese garment and textile exports plunged by 18.63% to US$8,701 billion during the first three months of the year, according to figures released by the Vietnam Textile and Apparel Association (Vitas).

VN textile-garment industry struggles with importers' requirements

Textile and garment import countries have asked Vietnamese companies to satisfy requirements on social responsibility, environmental friendliness and natural resource use. The industry worth $44 billion is facing serious concerns.