Optimistic signals for garment, textile industry

Optimistic signals for garment, textile industry

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.
Textile production for export at Phong Phu Textile Joint Stock Company. (Photo: SGGP)

Enterprises need to go green to maintain export

To limit the depletion of natural resources, environmental pollution, and the amount of generated waste, many countries around the world have introduced several trade barriers in order to realize a circular economy. Of which, many countries are currently the main export markets of Vietnam. This has forced Vietnamese enterprises to change to adapt and maintain export market share.
Ready-made garment production for domestic consumption and export in Ho Chi Minh City. (Photo: SGGP)

Textile industry ready for EVFTA’s effectiveness

Europe is a market of 500 million people, with great potential for development, but Vietnam's annual textile and apparel export turnover to this market is merely over US$8 billion. In just over 10 days, the Vietnam - EU Free Trade Agreement (EVFTA) will officially take effect, whether textile and apparel enterprises can take advantage of this great opportunity?
Resource efficiency helps to save US$30 million annually

Resource efficiency helps to save US$30 million annually

In the past three years, The Vietnam Improvement Program, an International Finance Corporation’s initiative to improve resource efficiency in the local apparel, textile, and footwear sector, has supported 82 factories to invest US$37 million in resource efficiency measures, helping them to save $30 million annually by using less water, energy and chemicals.
Garment production at the Hoa Tho Textile and Garment JSC’s factory in South Dong Ha Industrial Park, Quang Tri Province. (Photo: VNA/VNS)

VN textile industry needs to spin a new yarn

Continued dependence on raw and auxiliary materials imports will constrain Vietnam textiles and garment industry from taking real advantage of the various Free Trade Agreements signed by the country, industry insiders say.