Vietnam’s textile and garment industry, a cornerstone of its export economy, recently faced heightened challenges as the U.S. moved ahead with proposed tariff hikes that could increase duties on textile exports from the previous 15–16% to as high as 61–62%. With the U.S. accounting for 40% of
Although global orders for Vietnamese apparels has improved since the start of this year, experts aver that the industry is slower in going green when compared with its competitor Bangladesh. For example, Bangladesh has up to 153 garment factories which have bagged LEED certifications and there are 500 more factories which have applied for this […]
The world’s biggest apparel and luggage zipper manufacturer YKK has shifted its global operations headquarters from Japan to Vietnam. YKK has been operating in Vietnam since 1998 through its subsidiary named YKK Vietnam, with its first factory located in Dong Nai and set up its second plant in 2018. “In the past 26 years, YKK’s […]
Vietnamese clothing manufacturing companies are actively launching and promoting brand development, with many of planning to introduce these brands in various countries. These companies began by introducing ‘Made in Vietnam’ apparel brands in the domestic market and then started launching them in overseas markets For example, May 10 Corporation has recently introduced two
Although Vietnam is a major textiles and garment exporter, the added value in the industry is very low compared to the potential of the industry. Exports of textiles and apparels are expected to reach around US $40.3 billion in 2023 for which, imported raw materials and accessories accounted for nearly 58 percent or $23.2 billion. […]
The number of Vietnamese students enrolling to study courses in garmenting technology has fallen sharply, following workers and staff being laid off after the Covid-19 pandemic began Students have been psychologically affected by the phenomenon of workers in this industry being fired by businesses during and after the Covid-19 outbreak. This phenomenon has resulted in […]
Vietnam and South Korea have signed a Memorandum of Understanding (MoU) to increase cooperation in the textile and garment sector. A MoU was signed between the Vietnam Textile and Apparel Association (VITAS) and the Korea Federation of Textile Industries (KOFOTI) this week. The signing ceremony took place on the sideline of ‘Preview in Seoul 2023’ […]