Vietnamnet.vn
Podcast
vietnam apparel
Update news vietnam apparel
Local garment firm expects revenue drop this year as partner's parent goes bankrupt
Risk provision may write some revenue off the record for Song Hong Garment JSC as the company prepares for the likely bankruptcy of its US partner’s parent firm.
VN garment companies face cancelled orders, multiple hardships
The lack of input materials and cancellations of 50 percent of orders have put textile and garment companies in serious difficulty, according to the Ministry of Industry and Trade (MOIT).
Vietnam to benefit most from global apparel manufacturing diversification
Vietnam would remain a prime candidate for gains over the near term, according to Fitch Solutions.
VN garment exports forecast to plummet due to lack of orders
Vietnam's garment and textile exports in the first four months fell 10 percent year-on-year to 10.63 billion USD and could fall much further as buyers cancelled orders due to COVID-19, according to the Vietnam Textile and Apparel Association (Vitas).
