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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.

Vinatex targets 12 percent growth in profit in 2019

Vinatex targets 12 percent growth in profit in 2019

The Vietnam National Garment and Textile Group (Vinatex) eyed a 12 percent increase in profit this year despite various challenges arising from the US-China trade war, Vinatex General Director Le Tien Truong said.

Garment firm to seek opportunities in Canadian market

Garment firm to seek opportunities in Canadian market

The Garment 10 Corporation and a number of member enterprises of the Vietnam Textile and Garment Group (Vinatex) will visit Canada to seek opportunities to export garment and textile products to the market.

Vinatex targets 8% export growth in 2019

Vinatex targets 8% export growth in 2019

The Vietnam National Textile and Garment Group (Vinatex), the largest textile maker in the country, expects its export turnover to rise up to 8% in 2019, the group said at a press conference on December 27.

Garment-textile sector raises export target to US$35 billion

Garment-textile sector raises export target to US$35 billion

The garment-textile sector expects to gross US$35 billion in export turnover in 2018, higher than the target set at the beginning of the year, thanks to a large number of orders from foreign partners and bright prospects of the world and domestic economies.

Garment & textile sector, magnet for foreign investors

Garment & textile sector, magnet for foreign investors

More than 2,000 foreign businesses from 16 countries and territories worldwide have invested some US$15.75 trillion in Vietnam’s garment and textile sector so far, according to Chairman of the Vietnam Textile and Apparel Association (VITAS) Vu Duc Giang.

Ten divestments in spotlight for 2018

Ten divestments in spotlight for 2018

After 2017’s significant state capital divestment deals, the Vietnamese market is expected to see some of the most anticipated sales in 2018.

Garment sector eyes US$34b exports

Garment sector eyes US$34b exports

Vietnam’s textile and garment industry targets a year-on-year increase of 10% in export value, to US$34 billion, in 2018.

Vietnam sees bright future for apparel exports to APEC

Vietnam sees bright future for apparel exports to APEC

VOV.VN - Major countries, which are member economies of the Asia-Pacific Economic Cooperation (APEC), have become key markets for Vietnam’s garment and textile products, and are forecast to making up between 74%-75% of the country’s total apparel export turnover in the near future.

Textile industry needs to spin a new yarn

Textile industry needs to spin a new yarn

Continued dependence on raw and auxiliary materials imports will constrain Vietnam textiles and garment industry from taking real advantage of the various Free Trade Agreements signed by the country, industry insiders say.

MoIT stake sale’s main lure: VEAM

MoIT stake sale’s main lure: VEAM

The Ministry of Industry and Trade has announced plans to divest from six firms under its management from now until 2020, most notably, in this year’s sell-off of Vietnam Engine and Agricultural Machinery Corporation stock.