Textile, garment exports projected to hit 44 billion USD this year
Textile and garment exports are likely to hit 44 billion USD this year, said Chairman of the Vietnam Textile and Apparel Association (VITAS) Vu Duc Giang.
Vietnam spends 11.4 billion USD on garment material imports in H1
Vietnam spent almost 11.4 billion USD to import materials for garment and textile production in the first half of the year, up 5.6 percent from the same period last year, according to the Vietnam Textile and Apparel Association (VITAS).
FDI firms expand in local textile-garment sector
Vietnam had become increasingly appealing to large foreign investor groups in the textile and garment industry who wanted to seize opportunities when the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) takes effect in January next year, according to analysts.
Vietnam’s five-month tea export sees strong growth
Vietnam exported 48,000 tonnes of tea in the first five months of this year, raking in US$73 million, representing year-on-year increases of 14.3% in volume and 12.4% in value.
Vietnam to host important events of regional textile industry
The Vietnam Textile Association (Vitas) will host a number of important events of regional textile industry from October 31 to November 2, said Vitas President Vu Duc Giang.