Vinatex

The 2020 textile and garment export value is forecast to drop 15 percent compared with 2019 The cancellation/delay of orders by purchasers from Europe and the US, especially since March, has resulted in sharp revenue drops. The Vietnam National Textile and Garment Group (Vinatex) faced a seven-percent drop in first-quarter revenue compared with the same period of 2019, and fulfilled only 20 percent of its annual plan. … [Read more...] about Forecast amended for textile, garment exports

HÀ NỘI — Việt Nam's garment and textile exports in the first four months fell 10 per cent year-on-year to US$10.63 billion and could fall much further as buyers cancelled orders due to COVID-19, according to the Việt Nam Textile and Apparel Association (Vitas). … [Read more...] about Garment exports forecast to plummet due to lack of orders

For Vinatex, in the second quarter, the group will continue to produce face masks and medical protective clothes to meet the high demand for these products in many foreign markets while ensuring stable operations to catch up with the customers’ demands once the market showed signs of recovery. … [Read more...] about VN garment exports forecast to plummet due to lack of orders