Việt Nam’s garment-textile export value is expected to reach US$44 billion in 2024, marking an 11.26 per cent increase from 2023, according to the Việt Nam Textile and Apparel Association (VITAS).
Việt Nam’s garment and textile industry needs to develop a closed-loop supply chain with a focus on obtaining self – sufficiency in raw materials in order to meet the rules of origin under the UK – Việt Nam Free Trade...
State-of-the-art textile and garment machinery are on show at the Vietnam International Textile and Garment Industry Exhibition that opened in HCM City on Wednesday.
The event, which will gather over 380 exhibitors from 12 countries and territories around the world, will feature the latest technological advancements in fabrics, yarns and accessories.
This move is a new step in production, escaping the increasingly competitive conventional textile and garment production sector, and expanding opportunities from niche markets.
Price competition has long been a problem hindering the textile and garment industry from entering the global supply chain. Việt Nam has not had a long-term specific plan for developing raw materials needed for the industry. This remains a weak...
Vinatex PD&B will handle the design and product development phases within the supply chain, which traditionally held the highest value and were managed by buyers.
Ambassador Đặng Hoàng Giang, Việt Nam''s Permanent Representative to the United Nations (UN), highly appreciated the impressive presence of Vietnamese textile and garment products at the New York Textile and Garment Exhibition on July 16 (New York time).
The Green Tech Landing Pad identifies, connects, and facilitates the adoption of green technologies among Vietnamese textile and garment enterprises to ensure compliance with European sustainability standards.
While Việt Nam’s textile and garment industry is recovering, it is facing new challenges such as customers preferring small, rapid orders and labour shortages, experts have said.
As Việt Nam is no longer an attractive destination for labour-intensive, land-intensive or low-productivity industries, the shift in investment is seen as a natural and expected development.