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).
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.
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...
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.
The 21st Vietnam International Textile and Garment Industry Exhibition opened in HCM City on Wednesday to showcase the latest technologies, machinery and equipment, materials, and solutions.
Vinatex’s report also revealed that the export revenue between January and August was worth US$30.2 billion, a rise of nearly 20 per cent over the same period last year.
The domestic textile and garment industry is likely to not reach its goals in production and business due to the strong impacts of the COVID-19 pandemic.
The competencies of job candidates in the textile and garment industry met employers’ requirements in the first half, according to the latest report by recruitment company Navigos Group.
The domestic textile and garment industry was still striving to reach its export revenue target of US$40 billion this year despite facing many difficulties.