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Update news garment industry
The domestic textile and garment industry is likely to not reach its goals in production and business due to the strong impacts of the COVID-19 pandemic, according to the Vietnam Textile and Apparel Association (Vitas).
It is anticipated that local textile and apparel firms will not be able to enjoy any immediate benefits from the European Union -Vietnam Free Trade Agreement (EVFTA) once it enters into force due to rules of origin, according to insiders.
The Ministry of Industry and Trade has issued a decision on investigating anti-dumping duties on polyester filament yarn (PFY) with HS codes: 5402.33.00, 5402.46.00 and 5402.47.00 originating from China, India, Indonesia and Malaysia.
VietNamNet Bridge – Many sectors have built long-term development plans, but after a period of implementing those plans, they must adjust them to be suitable with reality.
VietNamNet Bridge - Experts have warned that millions of Vietnamese workers, especially in the electronic parts, footwear and garment industries, will become redundant because of the use of robots at factories.
VietNamNet Bridge - The image of Vietnamese people queuing up at the cash register at Zara on opening day showed that the young fashion industry faces new challenges.
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Vietnam may see its GDP increase by $26.2 billion in the period from the day the Trans Pacific Partnership (TPP) agreement is signed, slated for the end of this year to 2025.