The first eight months of 2020 have seen few foreign direct investment (FDI) projects in Vietnam's textile industry, a far less lively picture compared to the same period last year, the department of foreign investment under the Ministry of Planning and Investment has reported.

A shortage of raw materials remained an obstacle that needed to be removed if Vietnamese textiles and garment enterprises want to seize export opportunities in the European Union (EU) under the EU-Vietnam Free Trade Agreement (EVFTA), according to experts.

VOV.VN - The nation grossed billions of dollars from its export of telephones, textiles, footwear, and wood products to the United States during the first eight months of the year, according to figures released by the General Department of Vietnam Customs.

VOV.VN - Leading domestic and Thai businesses are displaying their products to local consumers at the four-day Top Thai Brands 2020 exhibition, which kicked off in Ho Chi Minh City on September 17.

VOV.VN - As a means of compensating for a drop in export orders due to the impact of the COVID-19 epidemic, several local textile and garment businesses are striving to seize upon opportunities brought about by the EU-Vietnam Free Trade Agreement (EVFTA).

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.

VOV.VN - Vietnam recorded a trade surplus exceeding US$10 billion by mid-August as exports continued to bounce back during the first half of August, according to the latest statistics compiled by the General Department of Vietnam Customs.

VOV.VN - Vietnam has surpassed Bangladesh in terms of textile and garment exports over the first six months of the year, with the former’s total export value of over US$13 billion, US$1 billion more than the latter’s.

VOV.VN - The ongoing complicated developments relating to the COVID-19 pandemic both globally and domestically are causing an array of difficulties for the local business community.

VOV.VN - With the EU-Vietnam Free Trade Agreement (EVFTA) set to come into force on August 1, it is considered a great opportunity for the Vietnamese textile and apparel industry.