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Manufacturing ready for external pressures

Manufacturing ready for external pressures
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Manufacturing ready for external pressures

Manufacturers in key industries are grappling with rising costs and plummeting demand that is weakening manufacturing and export activities. ....

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Apparel firms scaling down business targets

Many apparel, textile and spinning firms are setting 2023 business targets far below last year s figures amid gloomy market conditions and sinking orders. ....

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Textile and apparel exports looking at significant recovery in 2021

Textile and apparel exports looking at significant recovery in 2021
09:59 | 01/04/2021
Export of textile and apparel items envisions bright prospect in the second half this year
According to statistics from the General Department of Vietnam Customs, Vietnamâs total textile and apparel export value stood at $35.2 billion, down nearly $4 billion on-year due to the COVID-19 outbreak affecting Vietnamâs major export markets, including the US, EU, and Japan.
However, the industry is forecasted to recover strongly this year as a vaccination scheme is being implemented across high-consumption countries for fashion products. In fact, successful control of the pandemic will accelerate market rebound, prompting demand for personal expenditure. ....

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