VOV.VN - The local textile and garment sector is anticipated to bounce back during the third quarter of 2022, according to Le Tien Truong, chairman of the Vietnam National Textile and Garment Group (Vinatex).
VOV.VN - Amid complicated developments by the COVID-19 pandemic, local textile and apparel firms have been forced to change their business mindset, boost connectivity, expand into new markets, and maximise the benefits from free trade agreements (FTAs) to meet this year’s export target of US$39 billion, according to insiders.
VOV.VN - Immediately after the Lunar New Year (Tet) festival, with the novel coronavirus (COVID-19) impacting many localities, domestic enterprises have strived to implement the year’s production plan whilst ensuring the strict implementation of the Prime Minister’s directive regarding pandemic prevention and control.
Vietnam raked in US$2.6 billion from exports of textiles and garments in January 2021, up 3.3% year-on-year, according to the Ministry of Industry and Trade.
Vietnam’s garment-textile sector sets a target of US$39 billion in export revenue this year, equal to that of 2019, according to the Vietnam National Textile and Garment Group (Vinatex).
VOV.VN - The nation has bright prospects for greater co-operation with India in the fields of garment and textiles moving forward, according to details released during a recent online trade exchange conference.
Vietnam’s garment-textile export turnover is projected at US$38-39 billion in 2021, Le Tien Truong, Chairman of the Vietnam National Textile and Garment Group (Vinatex) said on December 29.
VOV.VN - Previous years have seen garment and apparel businesses have orders until the end of the year and into the first half of next year, while this year many firms are only be able to receive orders on a monthly or even weekly basis.
The Vietnam National Textile and Garment Group (Vinatex) aims for an annual growth rate of 8% – 10% in production value, revenue and export value in the period from now to 2025, according to the group’s chairman of the board Le Tien Truong.
The Vietnam Textile and Garment Group (Vinatex) forecasts the country’s textile and garment exports will continue to decline by 14-18% each month for the rest of 2020 over the same period last year.