VIETNAM ACCOUNTS FOR 10 PER CENT OF GLOBAL FOOTWEAR EXPORTS
For the first time, Vietnam's share of world footwear exports has surpassed 10 per cent with 1.23 billion pairs of shoes exported in 2020, according to data by World Footwear Yearbook 2021.
FOOTWEAR GIANTS A STEP AHEAD IN PRODUCTION RESTART
Around 200 Nike subcontractors in Vietnam have finally resumed production after the Delta variant caused temporary factory closures this summer. The sportswear giant intends to ramp up its production even further in Vietnam, according to chief sustainability officer Noel Kinder.
ENTERPRISES STRIVE TO MAINTAIN GARMENT AND TEXTILE EXPORT GROWTH MOMENTUM
Since the beginning of the fourth outbreak of COVID-19, many garment and textile enterprises have faced difficulties, even the risk of bankruptcy, due to the temporary suspension of production to ensure pandemic prevention and control.
VIETNAM BECOMES WORLD'S SECOND LARGEST GARMENT EXPORTER
Vietnam overtook Bangladesh as the world’s second largest exporter of ready-made garments (RMG), with a turnover of 29.8 billion USD, according to the World Trade Organisation.
TEXTILE AND APPAREL SECTOR YEARNING FOR GOVERNMENT SUPPORT TO CURTAIL COVID-19 IMPACTS
Textile and apparel businesses in South Vietnam are facing critical levels of disruption due to severe social distancing measures to combat the COVID-19 pandemic and are requesting urgent support from the government and other industries to reboot operations.
VIET NAM FOOTWEAR EXPORTS TO EU GROWS
Thanks to the preferential tariffs under the EU-Vietnam Free Trade Agreement, footwear exports to the bloc’s 27 member countries increased by 19.2 per cent year-on-year in the first quarter of 2021.
TEXTILE AND GARMENT COMPANIES STRUGGLE IN FOURTH COVID-19 WAVE
According to the Ministry of Industry and Trade, textile and garment orders increased significantly after the Covid-19 pandemic was brought under control in the United States, the European Union and Japan, some of Vietnam’s main importers of textile and garment products.
TAX TWEAK PUTS STRAIN ON APPAREL MAKERS
The government issued Decree No.18/2021/ND-CP on March 11, amending a previous 2016 decree to implement the Law on Export and Import Taxes. Now, products traded on spot are not eligible for import duty exemptions.