Textile and garment industry perseveres in overcoming difficulties and seizing opportunities from the market

Textile and garment industry perseveres in overcoming difficulties and seizing opportunities from the market

In recent months, Vietnam's textile and garment exports have witnessed a strong recovery.
The textile market recovered, businesses accelerated

The textile market recovered, businesses accelerated

VCN - Information about the market situation, Mr. Phan Van Viet, General Director of Viet Thang Jean Co., Ltd. said that the textile market is recovering and orders are gradually returning.
Multi-dimensional picture of textile and garment enterprises

Multi-dimensional picture of textile and garment enterprises

VCN - The financial report of Thanh Cong Textile - Investment - Trading Joint Stock Company recorded revenue of more than VND 934 billion in the first quarter 2024, an increase of 7% compared to the same period in 2023; Net profit reached over VND 62 bill
Vietnam textile and garment strives to increase the localization rate

Vietnam textile and garment strives to increase the localization rate

VCN - Increasing textile and garment export turnover and effectively take advantage of incentives from Free Trade Agreements (FTAs), the Vietnam Textile and Apparel Association (Vitas) determined that, in addition to greening, investment in development sc
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.
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