.jpg)
Currency and interest rate fluctuations have had a detrimental impact on garment and textile exports.
Uniqlo is looking for partners in the field of textile and garments to expand its distribution system in Vietnam.
The German development cooperation agency GIZ and Decathlon have launched a joint initiative to improve the environmental performance of the garment and textile supply chain in Vietnam.
Textile, apparel and footwear factories in Vietnam has invested $37 million in resource efficiency measures to help them save $30 million in water, energy, and chemical operating costs annually.
The strong commitment to an open, fair and rules-based trade of the EVFTA will further widen export markets for Vietnam, especially in textile and garment, agriculture and fishery, and wood furniture, says HSBC Vietnam CEO Pham Hong Hai.
A pair of Nike shoes are priced at more than $100, even $300, but the Vietnamese share is less than $10.
The $350 million-textile and dyeing project in Vinh Phuc province has been advised not to be given official permission by scientists and experts due to risks of environmental pollution.
Vietnam is expected to earn US$31 billion from exports of textile and garment this year, a ten per cent increase compared to last year.
Outdated technology from China is coming to developing countries and Vietnam is believed to be an opportunity market, especially in the field of textile investment.
