Tags: vinatex

Vinatex predicts drop of up to 18% in apparel exports in second half

Vinatex predicts drop of up to 18% in apparel exports in second half

VOV.VN - The second half of the year is poised to witness textile and apparel exports continue to record falls of around 14% to 18% in comparison to the same period last year, with the year’s total export turnover reaching approximately US$32.75 billion, down roughly 16% on-year, according the Vietnam National Textile and Garment Group (Vinatex).

Maintaining production – a uphill task for garment sector

Maintaining production – a uphill task for garment sector

VOV.VN - The garment sector is struggling to maintain production in the second half of the year as its export market is forecast to shrink by at least 30-40%, according to Le Tien Truong, General Director of the Vietnam National Textile and Garment Group (Vinatex).

Vinatex predicts 50% drop in profit before tax this year

Vinatex predicts 50% drop in profit before tax this year

The Vietnam National Textile and Garment Group (Vinatex), stock code VGT, predicts its consolidated profit before tax this year to fall by half to VND382 billion year on year due to the negative impacts of the COVID-19 pandemic.

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).