Many Vietnamese garment brand names have gradually gained back local market share in low-cost product segments targeting average-income consumers, which used to be dominated by Chinese products. Many fashion stores on Ho Chi Minh City’s Le Van Si and Nguyen Dinh Chieu streets, which used to sell large amounts of Chinese garments, have now reduced [...]
The textile and garment sector posted an export surplus of 6.5 billion USD in 2011, 1.5 billion USD higher than last year’s figure, according to the Vietnam Textile and Apparel Association (Vitas). The surplus has brought the industry’s localisation ratio – the percentage of materials used by textile and garment companies that are produced locally [...]
Strong garment and textile enterprises are mulling plans to enlarge sales systems despite a difficult economy. In December 2011 alone, Vinatex launched two big supermarkets in Ho Chi Minh City and Hoa Binh province with total investment capital around VND50 billion ($2.3 million) bringing the total number of its supermarkets to about 60. Vinatex Mart [...]
Vietnam is forecasted to export $15 billion worth of garment and textile in 2012, up 10% from 2011, said Pham Xuan Hong, the deputy chairman of Vietnam Textile and Apparel Association (VITAS) said. This forecasted growth rate is much lower than 30% growth in 2011, Hong said, adding that presently most of garment and textile [...]
The number of orders for the first quarter of 2012 is anticipated to decrease by 10-15 percent, which threatens the existence of garment and footwear companies and jobs of laborers. The year 2011 witnesses a prosperous period of garment and footwear companies. In the first 11 months of the year, garment export turnover reached 13 [...]
With export turnover expected to top $13.8 billion this year, the textile and garment sector remains the country’s top earner, Le Tien Truong, deputy chairman of the Vietnam Textile and Apparel Association, told Tuoi Tre. Truong said that, even though the country’s trade gap has widened and raw material prices have fluctuated wildly, the sector [...]
There is a downward trend in Vietnam’s garment exports as its revenue in September and October remained at US$1.3 billion each compared to US$1.5 billion last August. The garment industry is struggling to cushion the negative impact of the global economic slowdown and public debt crisis to maintain growth in its two major markets-the US [...]
The garment industry has set itself an export target of US$ 15 billion next year despite a slew of possible hurdles in its path. This year’s target is US$ 13 billion, which is most likely to achieve after already exporting US$ 10 billion worth goods. The Vietnam Textile and Apparel Association (Vitas) listed challenges like [...]
Vietnamese garment and textile firms will hold back on large-scale investment projects due to a lack of capital in 2012. Le Tien Truong, deputy general director of Vinatex, said: “After one year of economic pressure due to lack of capital for big investment projects, until now the garment and textile sector has not yet found [...]
The garment sector is most likely to achieve its yearly target of $13 billion in export this year, according to the Vietnam Textile and Apparel Association. The association said its members have so far this year exported $10 billion worth of products and they are expected to ship aboard products valued at $3 billion in [...]
Subscribe via Email 
Subscribe in a Reader 
Follow us on Twitter 
Connect on Facebook
Gold price Silver prices