Textile and garment businesses are facing pressure due to weaker purchasing power caused by mounting inflation and other global uncertainties.
In the last four months of 2022, the textile and garment industry will have to face enormous challenges like increasing raw material costs, weakening purchasing power,...
Despite some difficulties, Vietnam's textile and apparel sector may see improvement in 2Q23 as a result of the EVFTA.
Although the value of textile and apparel exports rose 17.8% year over year in 2Q22, this industry still has additional obstacles to overcome.
Although the gross margin of textile and garment businesses fell 0.3% in the second quarter of this year, it is predicted to grow in the fourth quarter.
In the second quarter of 2012, Century Synthetic Fiber Corporation (STK) reported sales of VND530 billion (up 3.9% annually) and net income of VND76.3 billion (down 0.0%...
Although Vietnam's textile and garment sector faced many difficulties and challenges, it would pass through headwinds in the coming time, said VNDirect.
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