Vietnam's apparel and footwear sectors have been advised to get ready for potential changes in trade dynamics when the new US administration takes office.
Business News
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Countries like Vietnam and Malaysia are navigating the complexities of geopolitical tensions by maintaining neutrality between USA and China-aligned blocs, enabling them to attract diverse investments and strengthen their role in global supply chains.
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By leveraging last year's robust recovery, Vietnam's garment and textiles sector is poised for significant growth in 2025, driven by shifting global demand, green production practices, and technological advancements.
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CLO Virtual Fashion has opened a new office in Ho Chi Minh City, Vietnam, marking its expansion into Southeast Asia. The company, with 14 offices worldwide, provides 3D solutions that streamline the garment life cycle, helping designers create flexible, innovative clothing while navigating supply chain disruptions and fast fashion cycles.
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Century Enka, Gujarat Polyfilms, and Oriilon India, alongside NOCIL Ltd, have filed applications. If dumping is confirmed, anti-dumping duties will be recommended to protect domestic industries.
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Vietnam's footwear and leather industry is on track to reach an impressive US $ 26-27 billion in exports in 2024, representing a US $ 3 billion increase from the previous year.
