The demand for textiles and garments will tend to decrease due to the overbought of consumers in 2021, while high inflation is cutting people''s spending on unnecessary products.
Cotton Day Vietnam 2021, a forum on trends and solutions to help Viet Nam textile enterprises revive after COVID-19, will be held online on December 1.
Textile stocks have been on an temporary upswing thanks to the recent ratification of the EU-Viet Nam Free Trade Agreement (EVFTA) but textile enterprises still face difficulties due to heavy dependence on imported raw materials and machinery as well as...
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.
Domestic textile enterprises and logistics service providers should work together to reduce costs and improve their competitiveness, according to experts.