The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Indonesia’s President Prabowo Subianto held a close-door meeting with several ministers on October 29 to discuss the current situation of Indonesia's textile industry, particularly focusing on textile giant Sri Rejeki Isman (Sritex).
Vietnam has scored higher overall than China and Bangladesh in the United States Fashion Industry Association’s recent survey comparing the competitive advantages of textile-exporting countries to the US.
More than 1,300 businesses from 21 countries and territories are participating in the Vietnam Textile & Garment Industry Expo (Saigontex) 2023, the leading exhibition of the industry in Southeast Asia, which opened in Ho Chi Minh City on April 5.
Indonesia’s textile and garment industry will expand its markets to meet the export target of 13-14 billion USD this year, according to the country’s Industry Minister Agus Gumiwang Kartasasmita.
More than 10 Vietnamese outstanding enterprises have attended the Premiere Vision 2022, an essential event for the entire textile industry, which is taking place from July 5-7 at Paris-Nord Villepinte Exhibition Centre in Paris, France.
The textile industry in the CLMV (Cambodia-Laos-Myanmar-Vietnam) has come under near-term threat from the global COVID-19 outbreak, especially for key producer Cambodia.
Lopsided development of its various segments and dependence on imports have weakened the textile industry’s competitiveness and creativeness, experts said.
Vietnam has made it onto the list of the world’s five biggest textile exporters and producers, with textile and garment export turnover hitting 16 billion USD in the first half of 2018, up more than 14 percent year-on-year.
In the southeast region, a curious phenomenon of foreign direct investment firms ‘recommending’ long-time employees to resign has cropped up. In return, these employees receive a hefty one-time payment.
Indonesia’s textile industry needs to be revitalized given the majority of its factories, especially weaving and knitting ones, still use old machines, in order to deal with fierce competitions from other countries in the next five years.
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.
