Changes proposed to a trade system that would make foreign companies like Korean textile firms in Vietnam no longer eligible for tax exemptions has sent jitters across the textile market.
Business News
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Vietnamese textile units are turning to sustainable practices in order to keep up with international export demands.
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Apparel exports from Vietnam and Myanmar experienced growth during January-April 2023. Vietnam emerged as a prominent exporter, while Myanmar's exports showed impressive growth during this period.
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There has been a 17.8 per cent decline in Vietnam's apparel exports in the first five months of this year, which shows a decline in earnings over the same period.
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Vietnam garment manufacturers have used FibreTrace technology on Australian wool fibres in a bid to set a new standard for traceability, sustainability, and ethical sourcing.
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There will be the first time in the history of Vietnam that a Global Textiles Trade Fair will be hosted during the VIATT Expo 2023 this year.
