Chinese textile supplier Weixing launches $62 mln plant in central Vietnam
SAB Industrial (Vietnam) Company Limited, under Chinese textile material supplier Weixing, launched a $62 million factory in Vietnam’s central province of Thanh Hoa on Wednesday.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Apparel giant Crystal opens first phase of $70 mln factory in northern Vietnam
Regent Garment Factory Ltd., under Hong Kong-based clothing manufacturer Crystal International, opened the first phase of its $70 million factory in Vietnam’s northern province of Hai Duong on Thursday.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Apparel giant Crystal eyes $200 mln investment in northern Vietnam
Hong Kong-based group Crystal International plans to invest $200 million in Vietnam’s northern province of Nam Dinh to manufacture cloth, fiber, and garments.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Taiwanese footwear maker readies $62 mln for Vietnam Lunar New Year bonuses
PouYuen Vietnam, a Taiwanese footwear maker with the largest workforce in Ho Chi Minh City, will give Tet (Lunar New Year) bonuses worth VND1,505 billion ($61.8 million) to its employees.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
German yarn maker Sudwolle subsidiary to raise Vietnam investment to $51.6 mln
Dalat Worsted Spinning (DWS), under German yarn maker Sudwolle, has received approval to raise its investment in a sheep wool yarn spinning factory in the Central Highlands province of Lam Dong to $51.6 million.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam maintains position as biggest Nike supplier
Vietnam remained the biggest supplier of the U.S.-based footwear and apparel giant Nike in fiscal year 2023 ending May 31, according to a Nike report.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam firms enjoy fastest Amazon sales growth in Southeast Asia
Vietnamese businesses have achieved the highest global sales through Amazon in Southeast Asia over the last 2-3 years and their e-commerce value will continue to soar. If B2C e-commerce is considered an export industry, it will be the fifth largest export industry in Vietnam within the next five years, said Gijae Seong, head of Amazon Global Selling Vietnam.
Executive Talk - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s FDI sector posts $34 bln trade surplus in 8 months
Foreign-invested enterprises (FIEs) in Vietnam recorded a trade turnover of $301.36 billion, including crude oil, resulting in a trade surplus of $34.21 billion in the first eight months of this year.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Korea-invested apparel firm halts layoff plan in HCMC
South Korea-invested apparel firm Nobland Vietnam Co. Ltd., located in Ho Chi Minh City's Tan Thoi Hiep Industrial Park, has halted its plans to lay off 611 workers after a backlash from staff.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Japan-invested textile firm opens $9.5 mln factory in Nghe An province
Japan-invested Koyu Textile Vietnam Limited Company inaugurated Wednesday a VND227.4 billion ($9.57 million) factory in the central province of Nghe An.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam FDI sector posts $27.8 bln trade surplus in Jan-July
Foreign-invested enterprises in Vietnam recorded a trade turnover of $258.63 billion, including crude oil, resulting in a trade surplus of $27.83 billion in the first seven months of this year.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam FDI sector posts $22 bln H1 trade surplus
Foreign-invested companies in Vietnam recorded a trade turnover of $220.2 billion, including crude oil, for a trade surplus of $22.06 billion in the first half of this year, according to the General Statistics Office.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Taiwan textile giant plans additional $250 mln investment in southern Vietnam
Far Eastern Polytex Vietnam, a Taiwan-invested textile firm, will invest an additional $250 million in Binh Duong in Q3/2023, making it the southern province’s biggest foreign investor.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
German yarn maker Sudwolle launches $50 mln Vietnam factory
Leading German yarn maker Sudwolle has inaugurated a $50 million sheep wool yarn spinning factory in the Central Highlands province of Lam Dong.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Going green is life-or-death demand for Vietnam’s clothing sector: industry association
Rapidly shifting to green production to ensure green exports and achieve sustainable development is extremely important for Vietnam’s apparel sector as the whole world is demanding sustainability from the industry, the Vietnam Textile and Apparel Association (VITAS) said on Friday.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Denim and jeans fly off shelves from Vietnam
Vietnam’s denim and jeans sector is seeing better export opportunities thanks to higher global demand, lower European taxes, and the country’s efforts to embrace sustainable textile and garment development.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam firms sell 10 mln products on Amazon in 12 months
Vietnamese businesses sold nearly 10 million products to Amazon customers worldwide between August 2021 and August 2022, according to Amazon Global Sales Vietnam’s annual SME Empowerment Report.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam seeks to make clothing industry greener to grow exports
The Vietnamese apparel sector is embracing green production, sustainability, and circularity to further fuel green exports and keep sharpening its competitive edge.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Danish firm Spectre opens third Vietnam factory in An Giang
Spectre, a Danish maker of functional garments for outdoor sports brands, started operating its $17 million factory in An Giang province Friday, the company’s third in Vietnam.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Textile association seeks more investments in dyeing
The government should approve the development strategy until 2030 for the footwear and apparel sectors in order to boost investments in dyeing, ensuring supply of critical input materials.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Textile firms see mixed performance in Q2
In contrast to a sector-wide pickup in the first quarter of 2022, Vietnamese textile and apparel companies saw mixed performance in the second quarter.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
- Editor’s Picks
-
No offshore wind projects in Vietnam until 2028: global council
-
Vietnam-Singapore Industrial Park JV earns $67 mln profit in 2023
-
Techcombank plans 10% stake issue to foreign strategic investors
-
Vietnam needs to build more highways: logistics firm exec
-
Vietnam central bank pumps cash to save troubled lender SCB
- Most Read
Seven dead in northern Vietnam cement company accident
Society - Update 3 day ago
No offshore wind projects in Vietnam until 2028: global council
Energy - Update 3 day ago
- Editor’s Picks
-
No offshore wind projects in Vietnam until 2028: global council
-
Vietnam-Singapore Industrial Park JV earns $67 mln profit in 2023
-
Techcombank plans 10% stake issue to foreign strategic investors
-
Vietnam needs to build more highways: logistics firm exec
-
Vietnam central bank pumps cash to save troubled lender SCB
