The Vietnam International Fashion Fair (VIEF) 2018 opened at the Cultural Friendship Palace in Hanoi on December 13, gathering nearly 150 leading garment-textile, leather-footwear and cosmetics firms from localities nationwide.
VOV.VN - Brands of subsidiary companies of the Vietnam National Textile and Garment group (Vinatex) are commonly counterfeited for the domestic market, especially products of Garment 10, Viet Tien, and Duc Giang companies.
Once the EU-Vietnam FTA (EVFTA) is signed and the tariff is cut to zero percent, textile and garment exports to the market may obtain 7-8% growth rate per annum, experts say.
The appearance of foreign fast-fashion brands in Vietnam has dealt a strong blow to Vietnamese brands.
Viet Tien Garment JSC, one of the leading companies in the garment-textile industry in Vietnam, has set a goal of grossing US$1 billion in export turnover by 2020 with an annual average growth of 10%, according to Director General Bui Van Tien.
VOV.VN - Vietnam earns billions of dollars from garment and textile exports every year. But in the domestic market, local enterprises are facing fierce competition from foreign rivals.
As many as 28 million shares of the Viet Tien Garment Corporation, one of the largest garment companies in Vietnam, will be traded on the UpCom transaction floor as of October 10.
VOV.VN - Domestic garment businesses have spent millions of US dollars on expanding production to snatch domestic and export market opportunities.
Vietnamese textile and garment companies face a huge challenge with the market set to be flooded with imports following the country's accession to the ASEAN Economic Community (AEC) and Trans-Pacific Partnership (TPP) treaty.
Wholesale markets and shops in HCM City offering a range of quality local products as the shopping season begins in earnest ahead of Tet, the Lunar New Year.
(VOV) - Hanoi launched The National Action Month on Population campaign on December 4, with the theme “An Ageing population-Challenges in looking after the elderly.”
Vietnam’s retail market is considered one of the most profitable investment areas for foreign distributors, as it is predicted to grow at 23-25 percent annually from 2011 to 2015.