According to Vitas, the closure of many textile and garment factories in Bangladesh may lead customers to consider shifting their orders to other countries, which could provide certain advantages for Vietnamese enterprises.
Over the years, businesses have focused on brand development, creating higher value in export orders and establishing a solid position in the domestic market with "Made in Vietnam" products gaining a strong foothold and winning over consumers in foreign markets.
While a series of sanctions caused the Russian market to wobble at times, Vietnamese textile and garment enterprises have stood firm and continued to earn profits.
Vietnamese firms should find ways to expand into the Canadian market as there is a lot of untapped potential for Vietnamese goods in the North American country.
The textile and apparel industry, which managed to survive three waves of Covid-19 thanks to its decision to produce face masks and personal protective equipment, will focus on sportswear and yarn.
According to the trade deal, textile and garments are among 12 Vietnamese products that may face the EAEU’s safeguard duties if import volumes during a calendar year exceed the trigger level of the agreement.
Vietnamese textile and apparel firms are facing tough times expanding their businesses, especially in terms of human resource development, experts said on Friday.
Vietnamese textile and garment exports to Trans-Pacific Partnership (CPTPP) markets have failed to match the country''s stature as the world’s second largest apparel exporter.
India is strong in fibre and yarn production and Viet Nam is dependent on import of feedstock for its textile industry, and so they could both benefit by co-operation.
Source India 2018, India’s largest manmade fiber exhibition, is expected to provide opportunities for Vietnamese textile firms to network and strengthen business relationships, Shri P Harish, Ambassador of India to Viet Nam, said at a business meeting on Tuesday in...
To sustain their growth, Vietnamese textile and garment firms should pay more attention to technologies and their value chains, a conference on textile value chains heard Thursday.