Vietnam’s textile sector, comprising around 7,000 companies and over 3 million workers, dedicates 80% of its production capacity to exports and 20% to domestic consumption. The industry’s growth is supported by a well-developed logistics network, a skilled workforce, and a stable political environment.
The combination of sustainability and culture will open up more opportunities for Vietnamese textile enterprises to strengthen their position in the global market and capture the promising Nordic fashion market.
A series of exhibitions in the textile and apparel sector simultaneously opened at Saigon Exhibition and Convention Centre (SECC) in Ho Chi Minh City on September 25.
Competitive pressure and market fluctuations are among challenges any business has to face anytime, and apparel and footwear industries are not exemptions. However, in the difficult situation, many of them have found ways to advance, considering challenges as opportunities for further development.
In January-August 2022, Vietnam's garment and textile industry achieved an export turnover of about 30.2 billion USD, an increase of nearly 20 percent compared to the same period last year. This is the highest growth rate over the past decade
In January-August 2022, Vietnam's garment and textile industry achieved an export turnover of about 30.2 billion USD, an increase of nearly 20 percent compared to the same period last year. This is the highest growth rate over the past decade.
The Republic of Korea (RoK) is the largest investor in the textile - garment and leather - footwear industries of Vietnam, which holds considerable chances to boost the export of these commodities to the Northeast Asian market, heard a recent teleconference.
Apparel export from Vietnam has grown by 15.8% in terms of the compound average growth rate (CAGR) between 2010 and 2019, making it the second largest global apparel exporter after China
The Garment Manufacturers Association in Cambodia (GMAC), the Cambodia Footwear Association (CFA) and the European Chamber of Commerce in Cambodia (EuroCham) on June 2 requested the European Commission to postpone its withdrawal of the ‘Everything But Arms’ (EBA) preferential trade scheme for 12 months so that the apparel, footwear and travel goods sectors recover.
The COVID-19 pandemic has left Vietnam’s textile and garment sector in deep trouble because of rising order cancellations and delays, but some producers have found a way around and been able to weather the storm.
Taking advantages from free trade agreements Vietnam has signed, the textile and garment sector sets a target of earning 40 billion USD from exports in 2019.
The industrial production index of 20 southern provinces increased by 9.81 percent in the first seven months of this year, according to the Ministry of Industry and Trade.
Vietnam’s consumer price index or CPI inched up 0.45 percent month-on-month in August. It increased 3.89 percent from the same time last year, pushing up the eight-month figure to 3.52 percent year on
Twenty domestic and foreign apparel manufacturers from Vietnam are in the US to attend the Sourcing at Magic Show 2017 from August 11-21, said the Vietnam Textile and Garment Association (Vitas).
