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.
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.
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.
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.
Textile-garment targets up to 48 billion USD in 2023 export turnover

Textile-garment targets up to 48 billion USD in 2023 export turnover

Textile and garment exports may reach 47 - 48 billion USD in the positive scenario for 2023 and 45 - 46 billion USD in the lower-case scenario, said the Vietnam Textile and Apparel Association (VITAS).
Vietnam’s textile, garment exports to Indonesia increasing: TexPro

Vietnam’s textile, garment exports to Indonesia increasing: TexPro

Vietnam’s textile and garment export turnover to Indonesia reached 10.057 million USD in September 2022, more than four times that of the previous month.
Textile and garment export is expected to be US $44-47 billion in 2023

Textile and garment export is expected to be US $44-47 billion in 2023

VCN - It is expected that in 2022, textile and garment exports will reach the destination of about US$43 billion. The decline in orders is likely to persist in the first quarter of 2023, but in the third and fourth quarters of 2023, the total world textil
Textile and garment sector bears the brunt of global uncertainties

Textile and garment sector bears the brunt of global uncertainties

Textile and garment businesses are facing pressure due to weaker purchasing power caused by mounting inflation and other global uncertainties.
Traceability of raw materials a big boost to textile industry competitiveness: experts

Traceability of raw materials a big boost to textile industry competitiveness: experts

Verified data and transparent supply chains are the leading factors in competitiveness in the textile industry, experts have said.
Garment, textile, footwear industries face declining in orders

Garment, textile, footwear industries face declining in orders

Enterprises in the textile, garment and footwear industries are facing a decrease in orders through the rest of this year and possibly into the next year.
Int

Int'l Textile & Garment Industry exhibition opens in HCM City

The 20th Vietnam Int'l Textile & Garment Industry (VTG) exhibition officially opened at the Sài Gòn Exhibition and Convention Centre (SECC) in HCM City’s District 7 and will run from September 21 to 24.
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