This move is a new step in production, escaping the increasingly competitive conventional textile and garment production sector, and expanding opportunities from niche markets.
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.
The entire global market is facing difficulties due to decreasing demands induced by a recession, according to Le Tien Truong, chairman of Vietnam National Textile and Garment Group (Vinatex).
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 Vietnam National Textile and Garment Group (Vinatex) enjoyed a year-in-year surge of 144.2 per cent in revenue to over VND5.15 trillion (US$224.26 million) in the first quarter of 2022, completing 28.5 per cent of its target for the whole...
Vietnam National Textile and Garment Group (Vinatex)’s post-tax profit in the last quarter of 2021 was nearly VNĐ500 billion (US$22.03 million), tripling the figure recorded in the same period of the previous year.
The Dong Nam Textile JSC, a subsidiary of the Vietnam National Textile and Garment Group (Vinatex), began construction of the first yarn factory in the southwestern region in Bac Lieu province on Wednesday.
VTJ JSC, a member of Vietnam National Textile and Garment Group
(Vinatex), signed an agreement with TOMS Co., LTD, of Japan to produce
T-shirts at Dien Sanh Industrial Zone.
The Bank for Investment and Development of Vietnam (BIDV) has signed an
agreement to lend the Vietnam National Textile and Garment Group
(Vinatex) US$600 million in the period 2014-16.