FOOTWEAR EXPORTS SEEN REACHING US$27 BILLION THIS YEAR
This optimistic forecast reflects the industry’s efforts to expand and diversify its markets. Lefaso indicated that Vietnam’s footwear sector will concentrate o…
VIETNAM’S TEXTILE SECTOR BRINGS IN $37 BILLION IN FDI
The foreign-invested enterprises play an important role in the textile and garment sector, contributing 65 per cent to the sector’s total export turnover. Maj…
MANUFACTURING SEES MODEST UPTICK IN JANUARY
The resurgence was primarily driven by expansions in new orders and production, propelled by a modest rise in total new business. Both domestic and exp…
TEXTILE EXPORTS IN 2023 FACE MOST DIFFICULT YEAR IN THREE DECADES
This year is predicted to be difficult for textile and garment businesses following a challenging 2023. Expanding customer bases and diversifying products ar…
TEXTILE, GARMENT INDUSTRY TARGETS US$44 BILLION EXPORT TURNOVER NEXT YEAR
Export turnover of the textile and garment sector is expected to reach US$44 billion in 2024, up 9.2 percent against 2023, according to the Viet Nam Textile…
HIGH COSTS HURDLE TO RECYCLING IN TEXTILES
Textile producers see recycling as the go-to solution to the environmental woes in the industry, but they are facing some obstacles to turning waste into val…
VIETNAM, ROK STRENGTHEN TEXTILE COOPERATION
Seoul – The Vietnam Textile and Apparel Association (VITAS) and the Korea Federation of Textile Industries (KOFOTI) have signed a memorandum of underst…
TEXTILE APPAREL SECTOR LOSING ADVANTAGE IN PRICE COMPETITION
Many producers in the textile apparel sector are on tenterhooks as export orders are increasingly shifting to other countries like Bangladesh or India for mo…
