Sacombank inks deal with textile industry business group Sacombank signed an agreement with the Việt Nam Textile and Apparel Association (VITAS) on November 4 to support its activities to boost the development of the textile and garment industry.

Textile industry hit by on-going trade war The possibility of Việt Nam’s textile industry hitting its target of $40 billion in exports this year is getting slimmer.

Trade deals bring more foreign investment but also challenges With its series of recent free trade agreements, Việt Nam is becoming very attractive to foreign businesses, especially in the textile and garment sector.

Silk festival builds trade links Local artisans from craft villages in Việt Nam and members of the International Silk Union joined the Fifth International Silk and Brocade Festival in Hội An’s Silk Village on August 9 and 10, creating trade links between Việt Nam and silk centres around the world.

Industry urged to be driving force for VN’s economy The industrial sector must provide motivation for economic growth, creating breakthroughs in improving productivity, quality, competitiveness and domestic added value of industrial products.

Textile-garment sector expects another great year for exports

Garment and footwear firms will have to wait for EVFTA benefits Textile, garment and footwear products made in Việt Nam will not enjoy immediate tariff cuts after the EU-Việt Nam Free Trade Agreement (EVFTA) comes into effect, according to a report from Bảo Việt Securities Joint Stock Company (BVSC).

VN apparel industry suffers due to lack of competitive dyeing, fabric segments

Weakness on dyeing and dependence on imported cloths have weakened the garment and textile companies’ competitiveness and creativeness, experts have said.

VN’s textile industry strives to find new markets

Việt Nam’s textile and garment industry is striving to achieve export turnover of more than US$40 billion in 2019, a year-on-year increase of 14-15 per cent.

Formosa Taffeta goes green by awarding solar rooftop contract to a Vietnamese renewable developer

Based on Formosa Taffeta sustainable development policy and the success of solar rooftop projects being developed by Indefol, Formosa Taffeta Vietnam Company started to explore further on solar rooftop energy.