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vietnam textile and garment
Update news vietnam textile and garment
Bright outlook for textile industry but investors should still be cautious
The textile and garment industry is forecast to have a bright prospect in 2022, but as share prices have increased sharply since 2021, many stocks may not continue to rise significantly.
More than 30% of textile, garment operations on hold due to COVID-19
The proportion of textile and garment factories that have closed due to the COVID-19 pandemic has reached 30-35 per cent according to the Vietnam Textile and Apparel Association (Vitas).
Tax tweak puts strain on apparel makers
On-spot exports are now not subject to duty exemption, possibly derailing the recovery of textile and footwear companies.
US partner goes bankrupt, Vietnamese garment company faces difficulties
Song Hong Garment (MSH) has yet to make provisions for the hundreds of billions of dong worth of export turnover earned from its biggest client in the US who is declaring bankruptcy.
Garment, footwear and woodwork companies look forward to receiving orders in H2
After half a year of struggling to survive difficulties caused by Covid-19, Vietnamese enterprises are hoping that more orders will come over the next six months.
VN textile and garment industry warned of big difficulties
The Covid-19 epidemic which broke out six months ago has seriously affected textile and garment companies.
Vietnam apparel firms won't see instant benefits from EVFTA
Vietnamese apparel companies will not enjoy immediate tariff cuts after the EU-Vietnam Free Trade Agreement (EVFTA) comes into effect, as they have to overcome strict rules of origin.
Vietnam considers safeguard measures for apparel sector under CPTPP
The Ministry of Industry and Trade (MoIT) is drafting a circular providing guidance for the application of safeguard measures for textile and apparel products under the CPTPP.
Yuan price reduction affects on VN industry: experts
The sudden depreciation of Chinese yuan against the US dollar brings more difficulties to Viet Nam’s yarn industry, according to Viet Nam Textile and Apparel Association.
Vietnam’s apparel sector increasingly attractive to foreign investors
Vietnam has become an appealing investment destination for international textile and garment enterprises, as Vietnam’s apparel sector is expected to continue to register strong growth in the coming years.
