Vietnam posted an estimated trade deficit of US$100 million in January this year, said the General Statistics Office in a report on the country’s socio-economic performance.
VOV.VN - Vietnam enjoyed a trade surplus of close to US$11 billion during the first 11 months of the year, with roughly US$1.45 billion being recorded during November, according to the latest statistics released by the General Department of Vietnam Customs.
VOV.VN - The total amount of foreign direct investment (FDI) capital invested into the country’s textile, dyeing, and garment industry has reached more than US$19 billion across 1,383 projects during the three decades, according to the Vietnam Textile and Apparel Association.
VOV.VN - The US-China trade war, poised to persist in the coming quarters, would stand Vietnamese sectors in good stead, a research entity has predicted.
If Vietnam doesn’t have a reasonable policy on using capital from FDI, it will have to pay a heavy price for it, experts say.
Local garment producers have so far received less order than 2018 and the shortage of orders is becoming more common, heard a press conference held by the Vietnam Textile and Apparel Association (VITAS) in Hanoi on July 19.
VOV.VN - Over the past 2 decades, textile and apparel businesses run by overseas Vietnamese in Russia have generated jobs for many Vietnamese. There are currently 200 textile manufacturing facilities, employing more than 10,000 people.
VOV.VN - When free trade agreements (FTAs) such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the EU-Vietnam Free Trade Agreement (EVFTA) come into force, Vietnam will benefit from having access to large markets.
VOV.VN - Twenty one Vietnamese businesses are displaying their products at the sixth India International Silk Fair which opened in New Delhi on October 16.
VOV.VN - Nearly 120 exhibitors from 12 countries and territories are showcasing their products at the Hanoi Textile and Garment Industry Expo (HANOITEX) which opened at the International Centre for Exhibition on Tran Hung Dao Street, Hanoi on September 19.
Vietnam’s textile and garment industry is doing well abroad, but struggling at home, according experts.
Vietnam’s garment-textile export turnover is expected to hit US$18.5 billion in the second half of 2018, bringing the year’s export value to US$35 billion, US$1 billion higher than the target set for the year, heard a press conference in Hanoi on July 30.
Textile and clothing exports to the US might touch $13.8-13.9 billion this year, and experts assume the sector would see more import orders shifted to Vietnam due to the implications of the US-China trade war.
VOV.VN - With import tax cuts presented by free trade agreements (FTAs) to which, Vietnam is a member, increasing automation in production and quite favourable factors in the world market, the country’s garment and textile exports are forecast to hit US$200 billion by 2035.
Deputy Prime Minister Trinh Dinh Dung has signed a decision approving the restructuring plan for the industrial sector in 2018-2020, with consideration for 2025.
Vietnam’s fibre and yarn production and export is witnessing a strong growth, boosting the country’s textile and garment export turnover.
VOV.VN - More than 1,100 domestic and foreign businesses have registered to take part in the Vietnam Saigon Textile & Garment Industry Expo (Saigontex 2018), which is set to take place in Ho Chi Minh City from April 11-14.
The garment-textile sector is aiming for a growth of 10% in 2018 in spite of huge challenges in the global market, said Le Tien Truong, Director General of the Vietnam National Textile Garment Group.
VOV.VN - Despite receiving huge imports of materials from China, Vietnam’s exports of textiles and garments to the vast market have consistently increased over recent years, rising from US$2.7 billion in 2016 up to around US$3.2 billion in 2017, and this growth pattern is expected to continue this year.
VOV.VN - In January 2018, exports of telephones and components reached US$4.2 billion, an impressive rise of 80.7% against the same period last year.