As the US suspends tariffs temporarily, Vietnam's textile and apparel sector is being urged to strengthen domestic raw material sourcing. Despite being home to 3,800 textile firms, the country heavily depends on imports for cotton and fabric, underlining the need for policy support and infrastructure to localize production.
Business News
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Greater tariffs would compel Nike, one of numerous sportswear companies that rely significantly on Vietnam as a production location, to incur greater expenses or raise prices.
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Vietnam was the largest manufacturer of footwear, accounting for 39 per cent of total production, followed by Indonesia (32 per cent), and China (14 per cent).
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With approximately 7,000 companies, Vietnam's textile sector dedicates 80 per cent of its production to exports, supported by a robust logistics network, skilled workforce, and stable political environment.
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Sustainability
Youngone transitions into coal-free unit in Vietnam to attain reduced emissions target
The global apparel manufacturer has eliminated coal and transitioned into biomass boilers fuelled by rice husk pellets at its Nam Dinh textile and dyeing facility.
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Exports of cotton yarn, textiles, made-ups, and handloom items from India increased by 11.98 per cent in December 2024 compared to December 2023
