Since the beginning of this year and especially in the second quarter, Vietnamese garment exporters are being flooded with orders resulting in few companies recruiting new workers or working overtime. Export orders at garment enterprises in Ho Chi Minh City increased sharply, with some
In the first quarter of 2024, volume of US apparel imports began to rebound, however value of garment imports continued to decline but varied in case of origin of imports. In the first three months of 2024, US clothing imports from Bangladesh fell 12 percent year-on-year. But while cotton clothing imports remained stable, manmade fibre […]
To beat the challenge of the Red Sea crisis, a top official of a Vietnam textile and garment association advised apparel exporters to diversify markets beyond Europe. “Tensions in the Red Sea are a bottleneck for the textile and garment industry when exporting to the European market,” Vu Duc Giang, Chairman of the Vietnam Textile […]
In the first quarter of 2024, exports from the Vietnamese textile and garment industry reached US $9.53 billion, an increase of 9.62 percent over the same period of previous year. The industry has set a target of reaching $44 billion in textile and apparel exports, up 9 percent compared to 2023 and if exports to […]
The Vietnamese textile and garment is witnessing a rise in export orders since the beginning of this year and so is optimistic about achieving target of US $44 billion in exports this year. A majority of textile and garment exporters have reported that they have in hand production orders in hand till May 2024. Experts […]
Vietnamese exports of textiles and garments totaled US $5.2 billion in the first two months of the ongoing year, which is an increase of 15 percent over the same period last year. According to a Vietnamese expert, the growth has been achieved due to the momentum in orders from key export markets since December 2023. […]
The Vietnamese textile and apparel industry is seeing a rise in orders from its major export markets and so is optimistic about the reaching export target of US $44 billion set for 2024. A majority of exporters have reported that they have received orders for production until May 2024. The Garment 10 Corporation JSC said […]
Vietnam’s textile and apparel exports to the US market are expected to prosper in 2024, as Vietnamese textile and garment exporters already have orders in hand till end of first quarter of 2024. According to a VinaCapital Group report, export orders are expected to rise in 2024, as inventories with US clothing brands and retailers […]
Vietnam’s textile and apparel sector has not been able to fully unlock the full potential and benefits of the free trade agreements (FTAs), which it has signed with several countries and regions. In order to address the challenge, the Vietnamese Ministry of Industry and Trade (MoIT) is leveraging connections between ministries, association and industry stakeholders. […]
Vietnamese textile and garment manufacturer, TNG Textile announced that it has crossed its revenue target for 2023 ahead of schedule and may be the only Vietnamese textile company to do so. The company which had set targeted revenue of VND 6,800 billion completed the target by mid-December, primarily due to bagging new buyers like Walmart, […]