Apparel giant Crystal opens first phase of $70 mln factory in northern Vietnam

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

Nam Dinh province licenses Crystal-invested $60 mln textile-garment project

Nam Dinh province licenses Crystal-invested $60 mln textile-garment project

The industrial parks management board of Nam Dinh province in northern Vietnam has granted an investment registration certificate for a $60 million foreign-invested textile and garment project.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

The rise and fall of garment firm Garmex Saigon

The rise and fall of garment firm Garmex Saigon

From a peak of nearly 4,000 employees and revenues of over VND2 trillion ($82 million), textile firm Garmex Saigon has slipped to no orders and just 35 personnel.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Apparel giant Crystal eyes $200 mln investment in northern Vietnam

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

Thanh Cong textile firm set for return to full capacity operations: chairman

Thanh Cong textile firm set for return to full capacity operations: chairman

Thanh Cong Textile-Garment Investment Trading JSC (TCM) has received enough orders for Q1/2024 to operate at full capacity after stagnating for a year, said chairman Tran Nhu Tung.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Orders abundant, Viet Tien Garment needs 1,000 plus workers

Orders abundant, Viet Tien Garment needs 1,000 plus workers

Amidst difficulties for the textile industry, Ho Chi Minh City-based Viet Tien Garment Corporation is bucking the trend, looking to hire more than 1,000 workers to fulfil orders.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

US firms finding opportunities to set up goods purchasing centers in Vietnam: Deputy Minister

US firms finding opportunities to set up goods purchasing centers in Vietnam: Deputy Minister

Many U.S. firms and distribution channels are increasing their purchases of goods and looking at the prospect of establishing channels and purchasing centers in Vietnam when the export turnover of Vietnamese goods to the U.S. starts to show signs of improvement in the rest of 2023, said Vietnam's Deputy Minister of Industry and Trade Do Thang Hai.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Plunge in Vietnam’s exports bottoms out

Plunge in Vietnam’s exports bottoms out

VinaCapital’s chief economist Michael Kokalari notes that Vietnam’s exports are set to recover in this year’s fourth quarter, driven primarily by a bottoming out of the U.S. inventory cycle. This rebound is likely to help lift Vietnam’s GDP.

Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7

Going green is life-or-death demand for Vietnam’s clothing sector: industry association

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

Textile, garment exports inch up to $43 bln despite global demand decline

Textile, garment exports inch up to $43 bln despite global demand decline

Vietnam’s garment industry estimates its 2022 export value at some $43 billion, compared to $40.4 billion last year, despite a sharp decline in orders in the second half of the year.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam needs bonded warehouses for US cotton imports

Vietnam needs bonded warehouses for US cotton imports

Building a Vietnam bonded warehouse for U.S. cotton would benefit both countries, Vietnam Textile and Apparel Association (Vinatas) chairman Vu Duc Giang said Friday.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Textile tech provider NTX grabs $200 mln investment for Southeast Asia expansion

Textile tech provider NTX grabs $200 mln investment for Southeast Asia expansion

Textile tech firm NTX, which works out of Shanghai and Singapore, has secured an investment of almost $200 million to fuel its growth and meet the rapidly rising demand of its expanding customer base.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Textile firms see mixed performance in Q2

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

Low foreign demand to hold back Vietnamese textile

Low foreign demand to hold back Vietnamese textile

Although Vietnam's textile and garment exports were riding high in the first half of the year with growth of 22%, insiders are pessimistic that the rest of 2022 would not match up.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7