US imports over $10b of VN’s textiles

In the first 10 months of this year, Việt Nam’s export value of textiles and garments in the country was US$21.43 billion, a year-on-year increase of nine per cent.

Textile sector needs $22bln investment

Foreign investment is needed to address the capital shortage in the production of textile and garment materials in Việt Nam. In fact, to meet the demand for clothes and ancillary materials for outsourcing enterprises by 2025, Việt Nam needs some US$22 billion invested in textile and dyeing, the Vietnam News Agency reported.

VN textile sector urged to diversify raw material import sources

The Vietnamese textile and garment industry needs to diversify its raw material import sources if it wants to develop, a senior industry figure has said.

Garment, textile exports to rise 10%

Việt Nam’s garment and textile exports may increase by 10 per cent this year if there are not adverse fluctuations in the global market, according to the Việt Nam National Textile and Garment Group (Vinatex).

Textile industry urged to develop supply chain

Vietnamese textile and garment companies should focus more on developing their supply chain to enable them to capitalise on opportunities arising from free trade agreements, a panel discussion heard in HCM City this week.

Deal to help VN textile companies go global

TUV SUD, one of the world’s leading service providers in testing, inspection, audit and certification yesterday signed a memorandum of understanding (MOU) with the HCM City Association of Garment Textile Embroidery and Knitting (AGTEK) to help its members access global markets.

Mergers, acquisitions increase in textiles, garments market Mergers and acquisitions in Viet Nam's textile and garment industry have increased, in a bid to take advantage of free trade agreements, especially the Trans Pacific Partnership (TPP), experts said.

Plans to help garment firms beat imports The HCM City Association of Garment Textile Embroidery - Knitting (Agtek) plans to help local garment companies break into the domestic market.

Garment exports may slow down Export growth for the garment and textile industry is expected to slowdown next year because of the global financial crisis, according to the industry's main trade association.

Textile industry revises outlook Export targets for Viet Nam's garment and textile industry for next year must be adjusted downward, given the economic impacts from difficulties in the global market.