Textile and garment sector bears the brunt of global uncertainties

Textile and garment sector bears the brunt of global uncertainties

Textile and garment businesses are facing pressure due to weaker purchasing power caused by mounting inflation and other global uncertainties.
Garment sector

Garment sector's local procurement rate up but challenges ahead

Vinatex’s report also revealed that the export revenue between January and August was worth US$30.2 billion, a rise of nearly 20 per cent over the same period last year.
Textile - garment sector sees strong growth

Textile - garment sector sees strong growth

The Vietnam National Textile and Garment Group (Vinatex) enjoyed a year-in-year surge of 144.2 percent in revenue to over 5.15 trillion VND (224.26 million USD) in the first quarter of 2022, completing 28.5 percent of its target for the whole year.
Garment sector sets sight on US$55 billion exports by 2025

Garment sector sets sight on US$55 billion exports by 2025

The garment sector has set an ambitious target of earning US$55 billion from export and generating 3 million jobs by 2025.
Garment sector poised to grasp EVFTA opportunities for higher exports

Garment sector poised to grasp EVFTA opportunities for higher exports

As a means of compensating for a drop in export orders due to the impact of the novel coronavirus (COVID-19) epidemic, several local textile and garment businesses are striving to seize upon opportunities brought about by the EU-Vietnam Free Trade Agreeme
Maintaining production – a uphill task for garment sector

Maintaining production – a uphill task for garment sector

The garment sector is struggling to maintain production in the second half of the year as its export market is forecast to shrink by at least 30-40%, according to Le Tien Truong, General Director of the Vietnam National Textile and Garment Group (Vinatex)
Garment sector needs manpower development strategies: workshop

Garment sector needs manpower development strategies: workshop

To develop and enter global supply chains, the textile-garment industry needs to have strategies for developing high-quality human resources right from now, insiders said at a recent workshop in Ho Chi Minh City.
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