VINATEX predicted that Vietnam’s garment export is supposed to be down by 14-18 per cent year-on-year in the second half.
Business News
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Sustainability
Most garment factories paid salary, bonus, say industry bodies; IP claims 53% industrial units yet to pay July wage
Industry bodies claim majority of garment workers already received wage and salary even as Industrial Police say 53 per cent industrial units, including garment factories, didn’t pay July wage till Thursday.
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Bombay Dyeing has reported tremendous losses for the quarter ended 30 June with the EBITDA declining 115 per cent to Rs. 22 crore as opposed to Rs. 143 crore last year.
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Youngone Corporation’s Chairman Kihak Sung said Bangladesh’s economy had to bear considerable impact of coronavirus compared to Vietnam, which was able to manage well the fallout of the pandemic on its production, export and logistic sectors.
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This whopping number of masks was 1.3 times greater than the cumulative value of mask exports from Vietnam in Jan.-Apr. ’20 period which was 139.50 million.
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