VIETNAMESE TEXTILE STOCKS FAILING TO WOO INVESTORS
In June 2017 the Việt Nam National textile and Garment Group (Vinatex) listed on UPCoM under the ticker VGT at VNĐ13,500. After remaining steady for more than six months, the price of VGT shares suddenly soared by 70 per cent to VNĐ19,400 last January. But it soon gave up all its gains and plunged to VNĐ11,000.
GARMENT FIRMS SHOULD MEET WORKERS’ NEEDS
Garment and textile firms should understand the needs of their workers and invest in enhancing human resource management to sustain a productive and quality workforce, a seminar heard in HCM City last Saturday.
GARMENT AND TEXTILE SECTOR EYES US$34 BILLION IN 2018
The textile and garment industry is projected to earn an export value of US$34 billion in 2018, second only to the telephone industry in the country, according to specialists.
LABOUR PUZZLE FOR GARMENT AND TEXTILE INDUSTRY BEFORE FOURTH INDUSTRIAL REVOLUTION
According to the Vietnam Garment and Textile Development Plan to 2020, the sector will become “one of leading export-oriented industries capable of meeting increasing domestic consumption demands and creating more jobs for society.” However, with the Fourth Industrial Revolution, garment and textile enterprises have to solve the puzzle of technological innovation and personnel rationalisation.
GARMENTS AND TEXTILES FETCH US$ 31 BILLION
Overseas shipment of garments and textiles was expected to fetch US$ 31 billion, representing a year-on-year growth of 10.23%, according to the Viet Nam Textile and Apparel Association (VITAS).
TEXTILE AND GARMENT SECTOR STANDS TO BENEFIT FROM EVFTA
The EU-Vietnam Free Trade Agreement will offer direct opportunities to Vietnam to upgrade its textile and garment sector. EU-MUTRAP team leader Claudio Dordi said that thanks to the EU-Vietnam Free Trade Agreement (EVFTA) expected to be signed next year, there will be ample opportunities to upgrade the value chain for the textile and garment sector as the EVFTA will provide tariff preferences to Vietnamese exporters to the EU.
TEXTILE, GARMENT EXPO TO BE HELD IN HCMC
The 17th edition of Viet Nam International Textile & Garment Industry Exhibition and Viet Nam International Textile & Apparel Accessories Exhibition, or VTG 2017 will be held in HCMC from November 22 - 25 with the participation of 400 exhibitors from 14 countries and territories.
GARMENT & TEXTILE INDUSTRY FACES A SLEW OF HARDSHIPS
TPP recession, rising costs, and rampant fabric smuggling are challenging the Vietnamese garment and textile industry, especially when the world is rushing with the Fourth Industrial Revolution.
