Vietnam’s garment and textile industry needs to develop a closed-loop supply chain with a focus on obtaining self-sufficiency in raw materials in order to meet the rules of origin under the UK – Vietnam Free Trade Agreement (UKVFTA) for expanding exports to this market.
Although the garment and textile industry is witnessing new export growth, the sector still faces challenges due to increasing market and customer demands, requiring them to leverage the industry’s position in the world market, according to experts.
Garment and textile enterprises must develop new management methods and renew their production technologies to well adapt to new challenges like small and rapid orders as well as labour shortages, experts have said.
Digital transformation, creating suitable designs and recycling clothes are now proving to be important target activities for the garment and textile industry towards a circular economy and sustainability.
Sustainable cotton production will drive continuous improvement of the garment and textile industry's key indicators for sustainable development, according to experts.
A webinar co-held by the Vietnam Textile and Apparel Association (VITAS) and the Ministry of Industry and Trade (MoIT) on May 4 answered questions from producers regarding the EU and the US’s rules on the import of face masks and medical equipment.
Enterprises should “put people first” in their human resource plans as the COVID-19 pandemic is forcing companies to scale down business or even close for good, experts said at an online seminar on HR management held in HCM City on April 24.
The southern industrial hub of Binh Duong reported 3,889 new firms in the January-September period, which pumped a total of 34.8 trillion VND (1.53 billion USD) in registered capital into the local economy.
Opportunities to invest in Vietnam’s garment and textile industry were introduced to representatives from nearly 70 Indian textile and garment companies at a conference held in Coimbatore on June 2.
