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textile & garment industry
Update news textile & garment industry
Vietnam competes with China to become top garment exporter in South Korea
Vietnam became the second largest textile and garment supplier in South Korea, just after China, with export turnover of $1.5 billion in the first seven months of the year. The number 1 position, according to analysts, is within reach.
Vietnam emerges as denim fabric manufacturing center
VietNamnet Bridge - Weaving is believed to be the weakest link in Vietnam’s textile and garment value chain, but denim fabric is a strong point of local producers.
Textile production cannot meet industry demand
If Vietnamese textile and garment companies cannot organize fabric production, the industry will have to import 15 out of 18 billion square meters of fabric it needs by 2025. If so, Vietnam will forever do outsourcing for foreign companies.
Textile & garment projects revived, but face new barriers
A number of yarn, weaving and dyeing projects have restarted after a period of postponement due to the US withdrawal from the Trans-Pacific Partnership (TPP). However, the textile & garment industry still faces difficulties.
Vietnamese businesses burdened with labor costs
VietNamNet Bridge - Some provisions of the Labor Code have placed difficulties on enterprises, especially those with a high number of workers.
Garment exporters feel heat from regional rivals
VietNamNet Bridge - As orders have moved from Vietnam to Myanmar and Laos, many Vietnamese small- and medium-sized garment companies have had to shut down.
