Mr. Vu Duc Giang, Chairman of the Vietnam Textile and Apparel Association (Vitas), said that in the past three years, the association has urgently carried out green and environmentally friendly production models for member enterprises. Accordingly, enterprises must reduce generated waste, change habits, and upgrade technologies from using fossil fuels to bioenergy and renewable energy. Vitas has collaborated with the World Wide Fund for Nature (WWF) to implement the project "Greening Vietnam's textile industry through improving water management and sustainable energy". This project promotes the improvement of water quality and the use of sustainable energy. At the same time, more support is given to industrial zones in accessing the green credit package to invest in industrial zones exclusive to the garment and textile industry. Earlier, the association of the wood industry also signed a commitment to promote the development of the wood industry towards sustainable development, … [Read more...] about Enterprises need to go green to maintain export
Akhtar textile industries
The textile industry was singled out as a sector badly hit by the pandemic as more than 55 percent of the materials that go to clothes manufacturing in Cambodia, Myanmar and Vietnam come from China where factories were shuttered in early 2020. … [Read more...] about Oxford Economics forecasts CLMV’s garment sector prospect
Hanoi (VNA) - Prime Minister Nguyen Xuan Phuc asked the garment-textile and footwear sectors to promote the building of Vietnamese brands and supply chain linkages, and develop supporting industries during a working session with the sectors’ representatives in Hanoi on November 23. Hailing their achievements, he said that the textile-garment and footwear industries play an important role, employing a huge number of workers, up to 4.3 million. Their exports account for a large proportion of the total national export turnover. In 2019, these two industries exported products worth 62 billion USD, equivalent to 24 percent of the country's total. He urged the sectors to make reforms to improve corporate governance efficiency in the new situation and promote digital transformation in the management and operation of textile enterprises, thus helping them make the effective use of free trade agreements, including the freshly signed Regional Comprehensive Economic Partnership (RCEP) … [Read more...] about PM urges garment, footwear sectors to build brands, promote supply chain linkages
Hanoi (VNA) - The EU, the US, the Republic of Korea (RoK), China and Japan account for 90 percent of Vietnam’s garment and textile export turnover. The decrease in demand from these markets due to the COVID-19 epidemic will greatly affect Vietnamese businesses. … [Read more...] about How apparel sector responds to order canceled due to COVID-19 crisis?
Firms must be aware that online business can become more trending in the coming time as it helps save costs and time so they need to find suitable marketing tools and strengthen connection with providers of supporting services in foreign markets so as to promptly and effectively gain access to the markets, experts said./. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES JUNE 14