US-China trade relations affecting business performance of garment, textile companies

US-China trade relations affecting business performance of garment, textile companies

VCN – Total revenue of the garment and textile industry in 2019 reached VND68.9 billion, equivalent to 2018 but after-tax profit reduced 9.15%.
Vietnam’s trade gap with China elevated due to US-China trade war

Vietnam’s trade gap with China elevated due to US-China trade war

The escalating US China trade war has made Vietnam trade gap with China widen to 29 5 billion USD in the first 10 months of 2019
Textile industry hit by on-going trade war

Textile industry hit by on-going trade war

Vietnam textile industry faces many difficulties with both export and production on the decrease due to effects of an intensified China US trade war
Trade war will not affect RCEP: ASEAN Secretary-General

Trade war will not affect RCEP: ASEAN Secretary-General

Secretary-General of the Association of Southeast Asian Nations (ASEAN) Lim Jock Hoi has expressed his confidence that the Regional Comprehensive Economic Partnership (RCEP) will be completed in principle before Thailand’s chairmanship ends at the end of
US-China trade war causes losses for apparel firms

US-China trade war causes losses for apparel firms

Vietnam’s garment and textile sector has been suffering huge losses since late 2018 as a result of the fallout from the US-China trade war, according to a report released by the Ministry of Industry and Trade.
The impact of trade wars on Vietnam from the statistics of Customs

The impact of trade wars on Vietnam from the statistics of Customs

VCN - ​The US-China and South Korea-Japan trade wars have impacted Vietnam’s import-export activities, shown by the statistics of the Department of General Customs.
Vietnam’s footwear industry concerned about trade war

Vietnam’s footwear industry concerned about trade war

The Vietnamese footwear market may face problems if the US imposes a tariff of 25 percent on Chinese products in the current trade war.
Trade war puts steel products at risk of unfair competition

Trade war puts steel products at risk of unfair competition

Domestically-produced steel products are facing the risk of unfair competition from those originating from China as result of the ongoing US-China trade war, insiders have warned.
Will exports still reach more than $260 billion?

Will exports still reach more than $260 billion?

Export growth in the first half of this year was only about half of the growth rate of the same period last year.
Yarn exports suffer from trade war

Yarn exports suffer from trade war

VCN - According to statistics in the first six months of Vietnam, exports of yarn products decreased by 23.1 percent in volume and 19.8 percent in turnover over the same period in 2018.
US-China trade war badly impacts Vietnam’s export: Expert

US-China trade war badly impacts Vietnam’s export: Expert

The escalating trade tension between the US and China will cause considerable impact on Vietnam’s export, according to Pham Tat Thang, head of the Institute for Trade Research and senior expert from the Ministry of Industry and Trade.
Can Vietnam benefit from US-China trade war?

Can Vietnam benefit from US-China trade war?

The figures about imports/exports and investments in the first months of the year show that Vietnam did not receive big benefits from the trade war as estimated by some US agencies and media. In fact, the risks remain high.
Trade war to benefit Vietnam’s fashion sector

Trade war to benefit Vietnam’s fashion sector

Vietnam and Bangladesh are forecast to reap benefits from becoming alternative sourcing destinations as the fashion sector is reckoned the most exposed amid an escalating US - China trade war with the US tariff threat of additional US$300 billion of Chine
Enterprises actively "avoid" trade war

Enterprises actively "avoid" trade war

VCN - The US-China trade war is creating unpredictable developments and hampering the flow of global trade in goods.
Gold price is still "dancing" in 2019

Gold price is still "dancing" in 2019

VCN- In the last days of 2018, gold prices had a strong increase when reaching the "peak" level for more than 8 months
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