Tags: vinatex

Signs of recovery for businesses who weather COVID-19 storm

Signs of recovery for businesses who weather COVID-19 storm

VOV.VN - Despite many of the country's enterprises facing plenty of difficulties caused by the impact of the novel coronavirus (COVID-19) epidemic, numerous firms have begun to step up production and implement fresh business strategies suitable for the new situation.

Obstacles could slow progress for textile sector in 2020

Obstacles could slow progress for textile sector in 2020

VOV.VN - Vietnam’s apparel and textile sector is expected to face a range of hurdles this year as firms look to make progress amid the negative impact caused by the novel coronavirus with annual export turnover poised to decline by 15% to only US$33 billion, according to the Vietnam Textile and Apparel Association.

Apparel industry could suffer huge losses caused by pandemic

Apparel industry could suffer huge losses caused by pandemic

VOV.VN - Vietnam's garment and textile sector will suffer estimated losses of VND5,000 billion if 30% of workers get underemployment in April and the figure is forecast to rise to 50% in May, according to Le Tien Truong, General Director of the Vietnam Textile and Garment Group (Vinatex).

Vinatex completes plan of producing 6 million face masks

Vinatex completes plan of producing 6 million face masks

As of March 1, the Vietnam National Textile and Garment Group (Vinatex) and its subsidiaries produced three more million antibacteria face masks, completing its plan of selling about 6 million face masks to the market amid the outbreak of the acute respiratory disease caused by SARS-CoV-2 (COVID-19).

Garment export target of 40 billion USD may be reached

Garment export target of 40 billion USD may be reached

The domestic textile and garment industry is expected to reach its export revenue target of 40 billion USD this year despite facing many difficulties, said Vu Duc Giang, Chairman of the Vietnam Textile and Apparel Association (VITAS).

Textile industry hit by on-going trade war

Textile industry hit by on-going trade war

Vietnam’s textile industry faces many difficulties with both export and production on the decrease due to effects of an intensified China-US trade war, said industry experts.