By the end of May, the total textile and garment industry's exports reached nearly 16.8 billion USD, including nearly 15 billion USD from exports of textiles and garments. Exports to key markets such as the US, Japan, and Europe all saw double-digit growth.
After a period of downturn, many of Vietnam’s key export sectors, including textiles and footwear, have experienced a robust recovery, with some products posting double-digit growth rates.
Vietnamese electronics businesses participate in the supply chain but with unstable order positions which are low and small in the chain, with too few opportunities.
Vietnamese enterprises need to meet quality requirements and rules of origin, increase value-added content, and diversify markets, as production and business activities are forecast to face many challenges due to the unpredictable global economy and climate change.
The National Wage Council has proposed to the Government a 6% increase in the regional minimum wage, equivalent to 238,000 VND per month on average, starting from July 1.
Garment and textile companies have been struggling to overcome prolonged difficulties due to the decline in demand in their main textile import markets, according to the Vietnam National Textile and Garment Group (Vinatex).
Vietnamese garment and textile enterprises are taking measures to seize market opportunities and maintain production and increase exports, amidst a significant decrease in orders.
In the early days of this year, Hoa Phat Group secured many orders to export its steel products to the US, Canada, Mexico, Puerto Rico, Australia, Malaysia, Hong Kong (China), and Cambodia.
Enterprises in the textile, garment and footwear industries are facing difficulties on a variety of fronts, including a reduction in export orders, and the plight is likely to continue until the first half of next year.
Between 80 and 95 percent of employees at enterprises in the southern largest economic of Ho Chi Minh City returned to work on February 8 after the Tet (Lunar New Year) holiday.
Some businesses in Ho Chi Minh City have been able to shrug off the difficulties caused by COVID-19 and achieve their targets thanks to thorough preparations.
More than 3.7 million orders were placed via websites and e-commerce platforms during a 60-hour online shopping programme launched by the Ministry of Industry and Trade (MoIT) on December 4, up 267 percent compared to the average rate of a normal day.
Nguyen Chien Thang, Director of HCM City-based wood products maker Scansia Pacific, said his company has export orders for the whole year, which are 25 percent up from 2017.
Leaders from 15 provinces of Laos have received Orders bestowed by the Vietnamese President for their prominent achievements in reinforcing and enhancing the traditional relationship, special solidarity and comprehensive cooperation between the two countries.
A ceremony was held in the northern mountainous province of Lang Son on February 28 to present Laos’s orders and medals to the provincial volunteer soldiers and military experts in recognition of their contributions to Laos’s revolutionary cause.
Garment and textile enterprises have received enough orders to keep them busy through the first quarter of this year, said the General Director of the Vietnam National Textile and Garment Group.
