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Tag: garment

Retail Asia10/04/2023
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General

Garment exports slump in Q1

10min0
The value of textile and garment exports in the first quarter of 2023 reached $7.1 billion, down 17% compared to the same period in 2022, due to the impact of global inflation, according to the General Statistics Office (GSO). This was the deepest decline in the first quarter since 2009, the GSO said. The global […]
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Retail Asia05/01/2023
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General

Garment exports soar in early part of 2022

6min0
Vietnamese garment and textile producers were overwhelmed with export orders in the first half of 2022, but things unraveled in spectacular fashion after mid-year as the global economy slumped. “2022 was an unprecedented year,” Le Tien Truong, chairman of the Vietnam National Textile and Garment Group (Vinatex), said, referring to the export market. “In the […]
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Retail Asia21/12/2021
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Uncategorized

Garment export won’t decline next year

3min0
Vietnam’s garment and textile exports next year is set to remain the same as this year even in the worst-case scenario where the Covid-19 pandemic prolongs, an association forecasts. Vietnam Textile and Apparel Association (VITAS) anticipates export would reach $39 billion next year, the same as this year, if pandemic impacts are major and linger […]
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Retail Asia06/10/2021
garment-factory-textile-indonesia.jpg
General

Garment exports hit hard by labor shortage

2min0
Garment and textile firms face labor shortages and broken supply chains, and find it hard to fulfill their export orders, the Vietnam Textile & Apparel Association has said. The fourth and most intense wave of Covid-19, which caused many textile companies to close down or operate at partial capacity between July and September, remains a […]
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Retail Asia06/08/2021
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Fashion

Garment firms fear order plunge

3min0
Vietnam, the world’s second-biggest garment exporter, is facing the risk of losing orders to competitors amid the complicated Covid-19 situation in August. Gia Dinh Group JSC in the southern province of Binh Duong has secured orders till the end of December, but face higher material prices plus late shipments, along with higher logistics costs. The […]
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Retail Asia21/06/2021
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Fashion

Garment production may slow down over Covid-19

3min0
The textiles and garment sector is likely to be impacted by the Covid-19 situation getting more complicated across Vietnam. Industry insiders say the pandemic situation in HCMC, in particular, will drag the sector down in the remaining months of the year. The pandemic has already penetrated some industrial parks in HCMC, so if the staff […]
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Retail Asia13/11/2018
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Fashion

Will Bangladesh’s garment industry survive?

8min0
Bangladesh is battling to keep its position as the world’s second-largest exporter of clothing after China, as it faces intensifying competition from Cambodia, Vietnam, Myanmar and now African countries like Ethiopia as global brands search for cheap labor. H&M, for instance, imports from an Ethiopian clothing factory it set up with Bangladeshi garment maker DBL. Japan’s Fast […]
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Retail Asia05/11/2018
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Fashion

Vietnam garment exports surge on US-China trade war

4min0
Vietnam’s garment exports are set to rise by 14.8 percent this year to $35 billion, an industry official said on Friday. The expected growth is attributed to the fact that U.S. retailers diversify their product sourcing to keep costs under control amid an escalating trade dispute with China. The U.S. has already imposed tariffs on […]
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Retail Asia05/07/2018
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Fashion

Vietnam textile firm bets on eco-friendly products

3min0
For price conscious Vietnamese consumers, an organic product more expensive than its normal version is not an attractive option, but one firm has decided to be persistent. The Phong Phu Textile and Garment Company introduced its made-in-Vietnam eco-friendly towel brand last December, attracting media attention as one of the first firms in the country to produce an […]
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Retail Asia18/02/2016
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General

New EU funding to help boost Myanmar garment exports

6min
Myanmar’s garment sector is targeting a 300% increase in garment exports to the European Union (EU) by end of 2019 thanks to a EUR2.8m (US$3m) funding boost as the second phase of the SMART Myanmar project gets underway. The EU-funded SMART Myanmar project – SMEs for Environmental Accountability, Responsibility and Transparency – aims to build the sustainable […]
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