Export

Vietnam’s T&A Industry Aims US$ 48 Billion In Exports By 2025

Textile Insights November 22, 2024

Vietnam’s T&A industry aims to achieve US$ 47-48 billion in export turnover by 2025, according to Vu Duc Giang, Chairman of the Vietnam Textile and Apparel Association (VITAS). The announcement was made during a press conference hosted by the Voice of Vietnam. The ambitious target builds on

Industry

Vietnam’s Textile Workers Earn Higher Wages Than Global Average

Textile Insights October 9, 2024

According to a VNDirect Securities report, Vietnam’s textile and apparel industry is making strides towards sustainable development as consumer demand for eco-friendly products rises. Companies are focusing on green production processes by using recycled fabrics, green materials, renewable energy and wastewater treatment. Global fashion brands are increasingly prioritizing

Industry

Vietnam’s Textile Industry: Recovery Amid New Challenges

Textile Insights September 26, 2024

Vietnam’s textile and garment industry is seeing a strong recovery, with export turnover reaching US$ 4.3 billion in August and USD 28.3 billion in the first eight months of 2023, a 6.2% year-on-year rise, according to VITAS. VITAS Chairman Vũ Đức Giang highlighted that the surge in orders, driven by global disruptions like the US-China […]

Export

Vietnam Secures Textile Orders Through 2024

Textile Insights September 5, 2024

According to the Vietnam Textile and Apparel Association (VITAS), several textile companies in Vietnam have secured orders through the end of 2024 and are already negotiating deals for the upcoming year. Key export markets such as the U.S., Japan, South Korea, and China have shown positive growth, contributing to a significant rise in export turnover. […]

Export

Vietnam Garment Exports Rise, Challenges Remain

July 18, 2024

The garment and textile industry anticipates robust growth in the latter half of 2024, driven by increasing orders and improving consumer demand. Vu Duc Giang, chairman of the Vietnam Textile and Apparel Association, expressed optimism as many enterprises have secured orders for October and November. This positions them to strive towards meeting the export target […]

Economy

Vietnam Advances Green Tech In Textile Industry

June 19, 2024

Five innovative pilot projects showcasing green technologies for Vietnamese textile and garment exporters were unveiled at the ‘For a Sustainable Garment and Textile Industry in Vietnam’ exhibition held in Hanoi on June 17. This event is part of the ‘Green Tech Landing Pad’ initiative, supported by the German government and implemented

Industry

Added Value in Vietnam Textile & Garment Sector Very Low

Textile Insights January 2, 2024

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. […]

Export

Vietnamese Textile & Clothing Exporters Seek Govt Assistance

Textile Insights December 29, 2023

The Vietnamese textile and garment export sector which has been witnessing a declining trend since the beginning of this year is seeking assistance from the government to navigate the challenges. “Textile and garment exports started slowing down in the final months of 2022, and there haven’t been any signs of improvement,” Le Tien Truong, Chairman […]

Industry

Vietnam & South Korea Cooperate On Textile & Garment Sector

Textile Insights August 26, 2023

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’ […]