Want to be in the loop?
subscribe to
our notification
Business News
TEXTILE, GARMENT EXPORT TURNOVER INCREASE SLIGHTLY
The second biggest market is Japan with nearly US$1.55 billion, up 4.4 percent and the third biggest market is South Korea with US$1.07 billion, a rise of 13.7 percent.
However, a representative from the Ministry said that US importers just expected to clear out inventories rather than laying new orders. Accordingly domestic businesses are facing difficulties in finding new orders.
Vietnam expects to benefit from the Trans-Pacific Partnership (TPP) however its effects may cause difficulties because countries that are not TPP members have adopted many policies to increase its competitiveness capability.
With such barriers, the US$ 39 billion export target of textile and garment will hardly be reached. Economists forecast that in 2017, Vietnamese textile and garment will face more difficulties because the world demand shrinks.
Source: Business Times
Related News
![Card image cap](/uploads/Promotion news/2024/Promo/Untitled%20design%20%281%29.png)
XIN CHÀO HÀ NỘI: CROSS-BORDER GROWTH WITH E-COMMERCE AND DIGITAL SOLUTIONS
UOB Vietnam organize the "Xin Chào Hà Nội: Cross-border Growth with E-commerce and Digital Solutions" Programme with the desire of to help businesses equip themselves with knowledge on how to apply relevant technologies in developing cross-border e-commerce strategies.
![Card image cap](/uploads/news/Industry%20zone4.jpg)
VINH PHUC TO DEVELOP 24 INDUSTRIAL PARKS BY 2030
According to the plan endorsed by the Prime Minister of Vietnam, Vinh Phuc province is set to establish five new industrial parks by 2030, increasing the total number of parks to 24 and expanding the land area to 7,000 hectares.
![Card image cap](/uploads/news/F%20%26%20B.jpg)
30,000 F&B OUTLETS SHUT DOWN IN FIRST SIX MONTHS OF 2024
As of the end of June, Vietnam had around 304,700 F&B stores, down 4 per cent compared to the same period last year. More than 30,000 stores have closed nationwide, with a limited number of new openings, according to market analysis by iPOS.vn.
![Card image cap](/uploads/news/Investment7.jpg)
MINISTRY DRAFTS PROJECT ON HUMAN RESOURCES DEVELOPMENT FOR SEMICONDUCTOR INDUSTRY
MPI Deputy Minister Nguyen Thi Bich Ngoc said that the building of the project is crucial, especially in the current period. She said that the ministry has collected opinions from ministries, sectors, localities, research institutes, and universities while listening to ideas from domestic and foreign experts.
![Card image cap](/uploads/news/Finance%208.jpg)
CROSS-BORDER E-COMMERCE TO BE BOOSTED
As Vietnam is an export-oriented economy with abounding potential for the development of textile apparel, footwear, rice and agricultural products, the room for cross-border e-commerce development proves enormous, Anh added.
![Card image cap](/uploads/news/Port%204.jpg)
LOGISTICS GROUPS BRANCH OUT FOR GAINS
Deputy director Tran Hong Kien said, “In the next five years, our revenue and profit are expected to grow continuously on an annual basis at an average rate of about 11 and 23 per cent, respectively. Return on equity is expected to reach about 14 per cent a year on average. This is a good performance compared to other companies in the same industry.”