The flow of foreign direct investment (FDI) into the Vietnamese garment and textile sector has rebounded thanks to the country’s sound investment climate and abundant workforce as well as its open economy, according to insiders.
VOV.VN - Vietnam exported a total of 27 major products to Cambodia during the opening two months of the year, of which garments and textiles witnessed the largest turnover in the market, according to the General Department of Vietnam Customs.
VOV.VN - Export Development Canada (EDC) has co-ordinated efforts with the Vietnam Trade Office to organise a workshop to update the economic situation and evaluate Vietnamese enterprises' operational efficiency within the global supply chain.
Along with the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the Vietnamese garment and textile sector also needs a Vietnam-Canada free trade agreement or another bilateral deal to penetrate more deeply into the North American market, according to experts.
VOV.VN - As of September, there have been six key Vietnamese commodities with export value enduring a decrease of at least US$1 billion each, according to the General Department of Vietnam Customs.
Although Vietnam is a top garment and textile exporter in the world, challenges loom large when it comes to shipment abroad of fabric and costumes that bear Vietnamese cultural identities.
VOV.VN - Vietnamese garment and textile exports dropped by 15.9% to US$22.5 billion in the opening seven months of the year, the Vietnam National Textile and Garment Group (Vinatex) reported in its latest report.
VOV.VN - During the first half of 2023, five Vietnamese commodities raked in more than US$10 billion each in export earnings, making up 57.8% of the country’s export value.
VOV.VN - Vietnam always attaches importance to relations with Bangladesh and desires to develop strong relations across a variety of fields.
Digital transformation, creating suitable designs and recycling clothes are now proving to be important target activities for the garment and textile industry towards a circular economy and sustainability.