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Vietnam businesses lose on home turf

Vietnam businesses lose on home turf

Nguyen Cao Phuong, a garment industry executive working in HCMC’s District 12, tried to replace Chinese suppliers with Vietnamese ones but was thwarted by buyers.
Garment exports slump in Q1

Garment exports slump in Q1

The value of textile and garment exports in the first quarter of 2023 reached $7.1 billion, down 17% compared to the same period in 2022, due to the impact of global inflation, according to the General Statistics Office (GSO).
April 9, 2023 | 08:06 pm PT
Textile-garment targets up to $48B in 2023 export turnover

Textile-garment targets up to $48B in 2023 export turnover

Textile and garment exports may reach $47-48 billion in the positive scenario for 2023 and $45-46 billion in the lower-case scenario, said the Vietnam Textile and Apparel Association (VITAS).
January 1, 2023 | 05:48 am PT
Garment exports to grow despite global challenges

Garment exports to grow despite global challenges

Vietnam’s garment exports are set to rise 9% to reach $43 billion this year despite negative global economic factors.
December 19, 2022 | 12:04 am PT
Layoff wave sweeps Vietnam's manufacturing hub as export orders dwindle

Layoff wave sweeps Vietnam's manufacturing hub as export orders dwindle

Tens of thousands of workers have lost their jobs due to the shortage of export orders, and the figure may surge if export markets do not recover soon, businesses fear.
November 24, 2022 | 02:15 am PT
HCMC short of textiles, footwear labor

HCMC short of textiles, footwear labor

Textiles, clothing, leather and footwear (TCLF) factories in HCMC have reported they are struggling to recruit new workers while existing staff keep quitting.
July 4, 2022 | 05:32 am PT
2021: textile industry returns from the brink

2021: textile industry returns from the brink

Driven to near desperation by prolonged lockdowns, Vietnam’s textile and garments industry managed to recover quickly and regain its growth momentum towards the end of the year.
December 31, 2021 | 06:10 am PT
Labor shortages, higher freight costs see garment firms refuse orders

Labor shortages, higher freight costs see garment firms refuse orders

Textile and garment companies in the south have been forced to turn down new export orders amid labor shortages and potentially huge freight costs.
December 18, 2021 | 04:00 am PT
Garment exports likely to reach $38 bln

Garment exports likely to reach $38 bln

Vietnam may gain $6 billion from garment and textile exports in November and December, totaling $38 billion in this year's turnover, stated Vietnam Textile and Apparel Association (VITAS).
November 19, 2021 | 05:43 pm PT
68 pct of garment, footwear firms suffer cancellations, penalties

68 pct of garment, footwear firms suffer cancellations, penalties

Over 68 percent of garment and footwear enterprises in Vietnam have been penalized by their foreign customers for late delivery, some with cancellation and compensation demands.
October 9, 2021 | 11:13 pm PT
Garment exporters caught in turbulence

Garment exporters caught in turbulence

Garment exporters in Vietnam are likely to experience a turbulent in H2 with labor shortages, disrupted supply chains, and surging freight fares, market observers say.
August 22, 2021 | 04:28 pm PT
China to become major buyer of Vietnam’s garments

China to become major buyer of Vietnam’s garments

China is set to become a major export market for Vietnam’s textile and garment industry, making up for the lull in traditional markets like Japan and the EU.
June 10, 2021 | 06:07 pm PT
Textile industry wants its workers prioritized for Covid vaccination

Textile industry wants its workers prioritized for Covid vaccination

Garment and textile companies want their workers vaccinated against Covid-19 on a priority basis, and said they could buy the vaccine directly from the suppliers.
May 18, 2021 | 06:39 pm PT
Vietnam textile firms struggle to collect dues from US buyers

Vietnam textile firms struggle to collect dues from US buyers

Vietnamese garment producers are struggling to recover monies owed by U.S. companies that have gone under.
May 12, 2021 | 09:06 pm PT
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