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Viet Nam National Textile and Garment Group (Vinatex)

Vinatex predicts 50% drop in profit before tax this year

Vinatex predicts 50% drop in profit before tax this year

Viet Nam National Textile and Garment Group (Vinatex), stock code VGT, predicts its consolidated profit before tax this year to reduce by a half to VND382 billion (US$16.5 million) year on year due to negative impacts from the COVID-19 pandemic.
Local enterprises look for new markets to get back on track

Local enterprises look for new markets to get back on track

The COVID-19 pandemic greatly impacted global and national production chains, forcing domestic enterprises to find new markets and develop new products.
Viet Nams garment exports down in two months

Viet Nam’s garment exports down in two months

Viet Nam saw a year on year reduction of 3.5 per cent in garment exports of the first two months this year to US$5.3 billion due to the impact of the novel coronavirus (COVID-19) outbreak.
Complying with origin rules critical for garment exports

Complying with origin rules critical for garment exports

Lower-than-expected export revenue last year showed the industry was facing problems in participating more deeply in the global value chain and expanding exports to niche markets.
VNs textile industry strives to find new markets

VN’s textile industry strives to find new markets

Viet Nam’s textile and garment industry is striving to achieve export turnover of more than US$40 billion in 2019, a year-on-year increase of 14-15 per cent.
Textile, garment industry expo opens in Ha Noi

Textile, garment industry expo opens in Ha Noi

The Ha Noi Textile & Garment Industry – Fabric & Garment Accessories (Hanoitex 2018) opened on Wednesday in Ha Noi.
Vinatex completes 65% of yearly revenue target

Vinatex completes 65% of yearly revenue target

Viet Nam National Textile and Garment Group (Vinatex) has completed 65 per cent of the yearly target set for total revenues with its eight-month result (excluding VAT) reaching over VND31.45 trillion (US$1.34 billion).
Itochu pays US47mn to raise stake in Vinatex

Itochu pays US$47mn to raise stake in Vinatex

Itochu, Japan’s second-largest trading company, has spent some five billion yen (US$46.9 million) to buy an additional 10 per cent equity in Viet Nam National Textile and Garment Group (Vinatex).
Vinatexs profit after tax down in Q1

Vinatex’s profit after tax down in Q1

Viet Nam National Textile and Garment Group (Vinatex) recorded after-tax profit of VND126.3 billion (US$5.6 million) in the first quarter of this year, down 11.62 per cent year-on-year.
State-owned groups speed up equitisation

State-owned groups speed up equitisation

State-owned economic groups are continuing to restructure their member companies, even as they surpass their set business plan targets for the first half of the year.
Vinatex begins work on 2 garment factories in Mekong Delta

Vinatex begins work on 2 garment factories in Mekong Delta

The Viet Nam Textile and Garment Group (Vinatex) broke ground for two garment factories in the Mekong Delta cities of Bac Lieu and Can Tho on Wednesday.
Vinatex to make more materials in bid to reduce use of imports

Vinatex to make more materials in bid to reduce use of imports

The Viet Nam National Textile and Garment Group (Vinatex) will invest most of its capital in material production projects in a move to reduce dependence on imports.
SOE equitisation goal reached, but quality still an issue

SOE equitisation goal reached, but quality still an issue

As the Government urges to streamlines the operation of State-owned enterprises (SOEs), the target can be attained in terms of quantity. However, there are doubts about the quality of most businesses after equitisation.
Vinatex to up investment in domestic fashion industry

Vinatex to up investment in domestic fashion industry

The Viet Nam National Textile and Garment Group (Vinatex), has restructured its domestic business strategy to further invest in domestic production by expanding sales and distribution and developing the fashion industry.
Vinatex to launch IPO on July 22

Vinatex to launch IPO on July 22

The Vietnam National Textile and Garment Group (Vinatex) will launch an initial public offering (IPO) on the Ho Chi Minh Stock Exchange on July 22.