Textile production at Phong Phu Corporation. (Photo: SGGP)

Enterprises ready to take advantage of EVTFA

After the EU-Vietnam Free Trade Agreement (EVFTA) has become effective for three weeks, many enterprises have actively switched the source of imported raw materials to ensure the rules of origin to make the most of preferential tax rates.
Garment orders continue to fall sharply

Garment orders continue to fall sharply

The Ho Chi Minh City Textile and Garment - Embroidery Association said that the number of orders of garment enterprises in the city has continuously declined, merely equal to 40 percent compared to the same period last year.
Vietnam's garment, textile exports likely to exceed US$1b plan (Photo: SGGP)

Garment, textile exports likely to exceed US$1b plan

As markets currently showed its positive sign, Vietnam’s exports of garment and textile are predicted to reach US$35 billion in the year, exceeding the plan by US$1 billion, said the Vietnam National Textile and Garment Group (Vinatex).

The infographic of Vietnam’s textile and garment exports in the first quarter from 2014 to 2017. — Graphic designed by Doan Tung

Textile sector growth surges

The textile and garment sector enters the second quarter this year with promising signs from new import markets, said General Director of the Vietnam Textile and Garment Group (Vinatex) Le Tien Truong.