Chen Zhi and Prince Group Bring the Art of Swiss Watchmaking to Cambodia Chen Zhi and Prince Group Bring the Art of Swiss Watchmaking to Cambodia

Footwear and textile set for strong bounce back

A diversified supply chain and numerous free trade agreements (FTAs) have set up the stage for a strong come back for Việt Nam's textile sector, said experts and industry leaders. 

Annual textile and garment exports down for first time in 25 years

Demand for textile products slowed due to COVID-19 when consumers around the world focused on essential appliances and disease prevention and Vietnamese textile and garment enterprises faced many difficulties due to scarce orders.

PM urges garment, footwear sectors to promote supply chain links

Prime Minister Nguyễn Xuân Phúc requested garment-textile and footwear sectors promote the building of Vietnamese brands and supply chain linkages during a working session with the sectors’ representatives in Hà Nội on Monday.

HCM City sees decline in labour demand in Nov, Dec Employers’ recruitment demand in HCM City in the last months of the year is expected to see a 34 per cent decline compared to the same period last year due to the impact of the COVID-19 pandemic.

Hope for Việt Nam's billion-dollar export industry at end of year Although the market has not fully recovered, footwear and handbags export turnover is expected to return to growth in the fourth quarter of this year during the year-end shopping rush in European and American countries.

Textile and garment production struggles due to lack of fabric

Việt Nam’s underdeveloped fabric production is making it difficult for textile and garment businesses to take advantage of free trade agreements, including the Europe – Việt Nam FTA (EVFTA).

Bình Dương focuses on supporting industry Bình Dương Province is pushing ahead with the development of supporting industries to increase the use of local content in manufacturing to reduce costs.

Italian companies invest in VN textile industry to capitalise on EU trade deal

More and more Italian textile firms are investing in Việt Nam to take advantage of the EU-Vietnam Free Trade Agreement and export to the European market, experts said.

VN needs to develop raw materials production to take advantage of EVFTA