Hanosimex to invest $5m in Vinatex operations
The Ha Noi Textile Garment Company (Hanosimex) said it would spend VND111 billion (US$5.2 million) to expand activities in Vinatex Hong Linh in the central province of Ha Tinh. The money will be used...
View ArticleGarment exports hit US$13.65 billion in 8 months
Garment and textile exports in the first eight months of the year accelerated 19.7% on-year to US$13.65 billion, according to the the Ministry of Industry and Trade (MoIT). In August alone, garment...
View ArticleGarment and textile sector urged to tighten operations
Vietnamese garment and textile exports in the nine months leading up to October jumped 18.9% over last year’s corresponding period to US$15.5 billion, buoyed by growth in traditional markets such as...
View ArticleItochu purchases Vinatex shares
Trading firm Itochu will invest in the Viet Nam National Textile and Garment Group (Vinatex), ahead of a potential free-trade agreement that could boost Vietnamese exports, according to Nikkei Asian...
View ArticleVietnam urged to carefully consider new foreign textile/garment projects
Local authorities have been warned to think carefully before welcoming more foreign textile and garment investors, as they could likely suffer in the future. Vietnam in recent years has become an ideal...
View ArticleFootwear sector takes steps into New Year
A successful 2014 and the promise of bigger export opportunities has given the domestic leather and footwear industry the confidence to set a US$14 billion export target for this year. Phan Thi Thanh...
View ArticleGarment exports surge by 18 per cent
Garment exports in January and February posted an 18 per cent year-on-year increase to US$3.4 billion, the Ministry of Industry and Trade (MoIT) said. The surge has made the achievement of this year’s...
View ArticleForeign investors scampering for a share in garment industry
A series of foreign direct investment projects in the garment sector will be started in the central region of Vietnam over the next months. Some of the more outstanding projects include the Delta Galil...
View ArticleTougher competition for apparel sector ahead
Experts have called on apparel enterprises to improve product quality and prepare to face tougher competition in the next five years. Speaking at the Vietnam Saigon Fabric & Garment Industry Expo...
View ArticleQ1 textile, garment exports fail to meet high expectations
Though exports for textile and garments in the first quarter (Q1) reached US$4.75 billion, industry insiders said the figure was worse than forecast, the Hai quan (Customs) newspaper said. Late last...
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