Although the developments of the Covid-19 pandemic remain complicated and unpredictable all over the world, the garment and textile industry still receives good news when orders have become plentiful again, enough for domestic enterprises to produce from now until the end of the year.
The Vietnam National Textile and Garment Group (Vinatex) on March 25 informed that Vietnam’s garment and textile industry might suffer a loss of up to VND11 trillion if export orders continue to be halted, delayed and canceled.
A recent survey by the research group of the Vietnam National Textile and Garment Group and institutes at more than 300 garment enterprises across the country showed that most of them have been keeping up fairly well with the 4th industrial revolution in stages, including reducing labor, supporting in executive decision making, increasing productivity and quality and cutting time and production costs.
The State Capital Investment Corporation (SCIC) got the revenue of VND12,582 billion (US$542 million) as of December 31, 2018, meeting 159 percent of the year plan, reported deputy director general of SCIC Nguyen Chi Thanh.
The Vietnam Textile & Garment Industry Expo (Saigontex 2018) –an annual international event took place in April 11 at Saigon Exhibition Convention Center, district 7, HCMC and lasts till April 14, 2018.