Local enterprises are willing to move towards smart manufacturing but support from the government is necessary to do so in a proper manner.

Vietnam enjoyed a trade surplus of close to US$11 billion during the first 11 months of the year, with roughly US$1.45 billion being recorded during November, according to the latest statistics released by the General Department of Vietnam Customs.

Exporters are seeing an increase in complexities when it comes to moving goods to the United States, amid global tensions and trade disputes with the world’s major powers. 

Export target of US$40 billion of garment and textile industry this year is on the verge of failing to achieve due to several difficulties, such as a shortage of orders and high dependence on imported materials. 

Adopting advanced technology and improving the localisation ratio of materials and accessories are textile and garment enterprises’ best chance.

Vietnam’s textile and garment companies are trying to find more orders to ensure continuous production from now to the end of the year.

All major lead firms in the garment, footwear and electronics industries in Vietnam have adopted a policy commitment on human rights and ethical...

Despite facing difficulties, the garment and textile sector is expected to export products worth US$31 billion this year, a year-on-year increase of 10.2 per cent, and the outlook is bright for next year too.

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Vietnamese garment companies now live with the fear that they may be dislodged from the home market by foreign investors who have been flocking to Vietnam to take full advantage of free trade agreements (FTAs).

 VietNamNet Bridge – The domestic garment and textile sector has to import a large quantity of cotton as the country's cotton output met only 1 per cent of local producers' demand.

 VietNamNet Bridge – Many small-and medium-sized garment companies in HCM City reportedly have received only half to 60 percent of the orders they expected this year.  

 IPs, EPZs lure large FDI garment projects; Investors eye on dairy industry; Office rents in Hanoi fall further, says Savills;

 Trade surplus strikes US$928 million; Garment exports reach nearly US$6 billion; Vietnam- Singapore Biz Forum to open in HCM City; FDI disbursement hits US$4.6 bln; Vietnam-China mineral plant rolls out first batch

 Authorities call for oversight of fraudulent retail websites; Electronics sector in need of support; Even distribution of FDI a must: experts; Enterprise law seeks to open opportunities; Japan keen on hiring Vietnamese senior personnel

 Paris seminar highlights investment in Vietnam; Vietnamese footwear industry heads for record year; Gazprom discusses oil, gas ties with VN; VN company wins regional award for best cocoa

Analysts believe that once joining the Trans Pacific Strategic Economic Partnership (TPP) agreement, Vietnam would have the opportunity to become one of the three biggest textiles and garments centers in the world.