PHU ANH GARMENT

Thanks to the flexible policies of the government on pandemic prevention and international integration, garment and textile exporters have been overcoming the woes of 2021 and achieved their yearly targets. The textile  and garment industry was one of very few to maintain its growth and accomplish its 2021 goals. Total export value was estimated at $39 billion, an increase of 11.2 per cent on-year, up 0.3 per cent compared to 2019, and much better than the outcome of 2020 of $35 billion. At...

Skyrocketing shipping costs, seen as the key culprit behind the higher burdens for businesses and rising retail prices for end-consumers, are expected to linger amidst the ongoing pandemic. Nguyen Chanh Phuong, deputy chairman of the Handicraft and Wood Industry Association of Ho Chi Minh City, told that in recent months shipping container rates have increased by 30 per cent to reach over $10,000. Most American importers will pay as shipping is done through the free-on-board model, however,...

 Vietnam is among the top textile-producing countries and apparel exporters in the world, emerging as an ideal alternative to China. Major factors driving industry growth are growing textile exports derived from multilateral free trade agreements and low labor costs. Despite rising challenges due to the COVID-19 pandemic, the industry is fast evolving to address its haunted growth, raising optimistic prospects for recovery. The garment and textile industry is one of the key industries in...