Policies on unemployment and social insurance have also d challenges in the labour market with a rise in minimum wage which raises input costs, but product prices have not increased.
The 2024 Việt Nam International Trade Fair for Apparel, Textiles and Textile Technologies (VIATT) opened at the Saigon Exhibition and Convention Center (SECC) in HCM City
The inaugural Vietnam International Trade Fair for Apparel, Textiles and Textile Technologies will take place at the Saigon Exhibition and Convention Centre in HCM City from February 28 to March 1.
Going green is becoming vital for Việt Nam to tap opportunities arising from the UK – Việt Nam Free Trade Agreement (UKVFTA) to expand exports to the UK, the market which is aiming to develop a more circular fashion industry.
The green transition has been increasingly implemented by businesses in Việt Nam for the past five years. Although the implementation progress is still relatively slow, with the inevitable motivation to improve the industry''s advantages, it is the best time for domestic...
An important factor underpinning the growth of the textile and garment industry is the growth of the domestic supply of raw materials, which increases year over year.
The industry has shifted its focus from fast growth to sustainable growth. It is expected to grow by around 6 per cent from 2022 to 2030 and achieve circularity between 2030 to 2045.
Having a pessimistic outlook for the second half of 2022, textile firms are calling for favourable governmental policies to turn their situation around.
Viet Nam''s textile and garment industry is still on target to achieve its export target of US$42-43 billion this year, despite the industry facing many difficulties in the second half of this year.
Textile and apparel businesses in Viet Nam need to pay more attention to sustainability with regard to cotton sourcing, reducing environmental impacts and adhering to global labour conventions, a conference heard in HCM City yesterday.
Although the demand for Vietnamese textiles is forecast to rise steadily in the short term, firms are concerned that tight material supply will impede their export plans.