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nCoV likely to affect raw material source of garment and textile sector

nCoV likely to affect raw material source of garment and textile sector

VOV.VN - Amid complicating developments relating to the novel coronavirus (nCoV) epidemic, Vietnam’s garment and textile sector has showed their concerns regarding its impending impact as a number of firms are considering replacing imported raw materials from with domestic ones.

Garment and textile sector enjoys trade surplus of US$16.6 billion

Garment and textile sector enjoys trade surplus of US$16.6 billion

VOV.VN - After enjoying US$39 billion in export turnover throughout the year, the apparel and textile industry has recorded a trade surplus of US$16.6 billion, up U$$2.25 billion over last year’s figure, according to the Vietnam Textile and Apparel Association (VITAS).

Garment and textile sector to face huge challenge

Garment and textile sector to face huge challenge

The garment and textile sector was forecast to suffer the most from goods origin regulations under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), said Bui Kim Thuy, the country representative for Vietnam at the US-ASEAN Business Council.