Want to be in the loop?
subscribe to
our notification
Business News
TEXTILE EXHIBITION ATTRACTS 125 FIRMS
The four-day event is expected to be especially important this year in the context of Viet Nam signing off on the Trans Pacific Partnership (TPP) and free trade agreements with Korea and the Customs Union of Russia, Belarus and Kazakhstan and the December inauguration of the ASEAN Economic Community.
Nguyen Hong Giang, general secretary of the Viet Nam Cotton and Spinning Association, said when all the agreements take effect, Viet Nam's garment exports to the US, EU, Japan, and Korea would enjoy preferential tariffs, which would give it a considerable edge over other exporting countries.
Viet Nam needs 8.5 billion metres of fabric annually to produce garments but produces less than 3 billion metres, and has to increase its fabric production immediately, he said.
He expected the exhibition to help producers find machinery and technologies for the purpose.
The exhibition organisers, Vinexad and Chan Chao International of Taiwan, will hold a seminar today and tomorrow to discuss Viet Nam's investment environment; solutions to improve productivity, efficiency and quality in the textile and garment industry; FTAs and their impacts on the industry's development; and why Viet Nam can become a hub in the global textile and garment supply chain.
The exhibition is being held at the Tan Binh Exhibition and Convention Centre, Hoang Van Thu Street, Tan Binh District.
Source: VNS
Related News
VIETNAM ECONOMY INVESTMENT
AGRICULTURAL, FORESTRY AND FISHERY EXPORTS REACH NEARLY $49.3 BILLION AFTER EIGHT MONTHS
Asia remained Việt Nam’s largest export market, accounting for 45.5 per cent of total market share, with exports to the region increasing 11.3 per cent year on year. Việt Nam’s agricultural, forestry and fishery exports totaled nearly US$49.3 billion in the first eight months of this year, up 7 per cent year on year, maintaining growth momentum despite divergent trends among major product groups.
BANKING / FINANCE / INSURANCE / TAX
BANK DEPOSITS OVERTAKE CREDIT GROWTH IN LATE AUGUST
Vietnamese đồng deposits at banks grew faster than credit by late August, reversing a trend seen earlier this year and easing some short-term liquidity pressure, although banks continue to face high funding costs amid strong demand for loans. Speaking at the Government’s regular meeting, Trần Quốc Phương, deputy minister of finance, said that as of August 22, Vietnamese đồng deposits at credit institutions had increased 8.77 per cent from the beginning of the year, slightly exceeding the 8.38 per cent growth in Vietnamese đồng lending.
VIETNAM ECONOMY INVESTMENT
FOREIGN CAPITAL SEEKS STRONGER FOOTHOLD IN VIỆT NAM THROUGH M&A
Foreign investors carried out 1,815 capital contribution and share purchase transactions in Việt Nam in the first seven months of 2026, with total capital exceeding $6.5 billion. While the number of transactions fell 8.4 per cent year-on-year, their value rose 61.6 per cent. Rather than investing from scratch to build new production facilities, many foreign investors are choosing to acquire stakes in existing Vietnamese companies as a faster way to establish a foothold in the market.
GARMENT / TEXTILE
MANUFACTURING PRODUCTION RISES AT FASTEST PACE IN JUST OVER TWO YEARS
Growth in the Vietnamese manufacturing sector continued to strengthen midway through the third quarter of the year. The S&P Global Vietnam Manufacturing Purchasing Managers' Index (PMI) posted 53.3 points in August, up from 52.9 points in July and above the 50.0 no-change mark for the fourteenth consecutive month. The latest strengthening of business conditions in the sector, as revealed on September 3, was the most pronounced since February.
TECHNOLOGY
TECHNOLOGY, INNOVATION DRIVE CHEMICAL INDUSTRY TOWARDS HIGHER-VALUE GROWTH
Technological innovation, automation and digital transformation are becoming central to the chemical industry as companies seek to move towards higher-value products, strengthen domestic technological capabilities and pursue greener, more sustainable production. The shift is being accelerated by Politburo Resolution No. 57-NQ/TW on breakthroughs in science, technology, innovation and national digital transformation, alongside Việt Nam's chemical industry development strategy to 2030 with a vision to 2040.
VIETNAM ECONOMY INVESTMENT
FDI INFLOWS RISE 55.4 PER CENT ON YEAR
According to the Foreign Investment Agency under the Ministry of Finance, total foreign direct investment (FDI) registered in Vietnam reached $40.63 billion as of August 31, up 55.4 per cent year-on-year. All three components – newly registered capital, additional capital injected into existing projects, and foreign investors’ capital contributions and share purchases – recorded increases.
Events Sponsors
