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Vietnam sees decline in textile ordersicon
BUSINESS25/07/20210

Vietnam sees decline in textile orders

With many local textile-garment makers unable to confirm when they can resume operations, many of their foreign business partners are switching orders from Vietnam to other countries.  
 
Material supply from China resumes, VN textile-garment companies sigh with relieficon

Material supply from China resumes, VN textile-garment companies sigh with relief

BUSINESS
24/03/2020
In mid-March, when Chinese factories began resuming operation, material supplies to Vietnamese textile and garment enterprises were restored.
Hundreds of enterprises may have to suspend production because of coronavirusicon

Hundreds of enterprises may have to suspend production because of coronavirus

BUSINESS
15/02/2020
Hundreds of enterprises, both Vietnamese and foreign invested, are increasingly concerned about supply of components from China.
Garment companies struggle to escape Cut-Make-Trim productionicon

Garment companies struggle to escape Cut-Make-Trim production

BUSINESS
14/10/2019
It is becoming more difficult for textile and garment companies to recruit workers aslabor costs keep increasing and workers quit to move to higher paying jobs. The only solution is changing the production method.
Vietnam buying more materials from the US amid US-China trade waricon

Vietnam buying more materials from the US amid US-China trade war

BUSINESS
07/10/2019
The US-China trade war is giving opportunities to Vietnam to diversify material supply sources, increase imports from the US to reduce the trade surplus with the country, and reduce the trade deficit with China.
Devaluing VND will do more harm than good: economistsicon

Devaluing VND will do more harm than good: economists

BUSINESS
13/09/2019
Chinese FDI is rushing into Vietnam, bringing huge capital. However, Vietnam has been told to be careful about using this capital.