Navigating through small and fragmented orders

Navigating through small and fragmented orders

VCN - Mr. Cao Huu Hieu, General Director of the Vietnam National Textile and Garment Group (Vinatex), reported that in the first six months of 2023, the revenue of enterprises within the system had fallen by 18-20% compared to the same period in the previ
Textile and garment exports are expected to reach 40.3 billion USD

Textile and garment exports are expected to reach 40.3 billion USD

VCN - Textile and garment exports for the whole year are expected to earn 40.3 billion USD. The industry's export target for 2024 is 44 billion USD.
Greening the textile industry from pioneering enterprises

Greening the textile industry from pioneering enterprises

VCN - The "green path" of pioneering enterprises contains many thorns, but is still chosen by many Vietnamese textile and garment enterprises because they have early recognized the "green living" demand and use green products of the market.
It is necessary to soon have instructions for implementing the Textile, Garment, and Footwear Development Strategy

It is necessary to soon have instructions for implementing the Textile, Garment, and Footwear Development Strategy

VCN - Mr. Vu Duc Giang, Chairman of the Vietnam Textile and Apparel Association shared about the challenges of the industry in the trend of greening and sustainable development taking place dramatically.
Garment export turnover sees increase again

Garment export turnover sees increase again

Despite a continued decrease in export turnover in the first eight months compared to the same period last year, the textile and garment industry has shown numerous signs of recovery and opportunities for stronger growth in the remaining months of 2023.
Textile orders expected to rise from fourth quarter of 2023

Textile orders expected to rise from fourth quarter of 2023

VCN - The revenue of textile and garment enterprises is expected to gradually improve after a sharp discount during the holidays in the fourth quarter of 2023. ​
To increase competitive capability for textiles

To increase competitive capability for textiles

VCN - Besides strict requirements from importers, Vietnam's textile and garment industry also have to face fierce competition from many trade partners. Therefore, experts say that a competitive garment product must deploy an integrated production process.
Dealing with outputs for the furniture, textile and footwear industries

Dealing with outputs for the furniture, textile and footwear industries

VCN - In the first 7 months of 2023, export orders of the key industries of textiles and garments, leather and footwear, wood and wood products decreased sharply by 18.9 billion USD (down 15.1%) and 11.7 billion USD (down 17.1%) and 7.2 billion USD (down
Textile and garment exports will reach US $ fourty one billion

Textile and garment exports will reach US $ fourty one billion

VCN - Before the challenging fluctuations of the market, Mr. Vu Duc Giang, Chairman of the Vietnam Textile and Apparel Association, said that Vietnamese textile and garment enterprises have adapted very quickly to the problems of market, products and orde
Textiles and garments face "double" difficulties: Lack of orders, unit prices are deeply reduced

Textiles and garments face "double" difficulties: Lack of orders, unit prices are deeply reduced

VCN - In addition to the lack of orders, accepting orders is not their strength; businesses also face difficulties due to the deep reduction in unit prices, even by over 50% compared to normal.
Textile enterprises overcome difficulties sustainably

Textile enterprises overcome difficulties sustainably

VCN - Although the current and short-term market conditions have not shown signs of improvement, textile and garment enterprises are still consistent with their long-term goals by boosting investment to meet new trends in the market.
Garment sector must go green to ensure sustainable development

Garment sector must go green to ensure sustainable development

Digital transformation, creating suitable designs and recycling clothes are now proving to be important target activities for the garment and textile industry towards a circular economy and sustainability.
Garment exports slump in first quarter

Garment exports slump in first quarter

The value of textile and garment exports in the first quarter of 2023 reached 7.1 billion USD, down 17% compared to the same period in 2022, due to the impact of global inflation, according to the General Statistics Office (GSO).
Exports face difficulties, businesses strengthen the domestic market

Exports face difficulties, businesses strengthen the domestic market

VCN - In the context that exports are expected to continue to face many difficulties in 2023, many enterprises said they would focus on strengthening the domestic market.
Garment, footwear exports aim to reach 80 bln USD by 2025

Garment, footwear exports aim to reach 80 bln USD by 2025

Vietnam’s textile, garment and footwear sectors aim to achieve a total export value of 77-80 billion USD in 2025 and 106-108 billion USD in 2030, according to the strategy for the development of Vietnam’s textile and footwear industry.
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