Vietnam climbs to the world’s second-largest garment exporter, with projected exports of US $ 44 billion in 2024. Vinatex’s focus on sustainable development, innovation, and market opportunities is driving this remarkable growth.
Business News
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Trade Data
Vietnam’s economy set to outpace ASEAN peers, driven by manufacturing sector, says Oxford Economics
Vietnam's economy is expected to grow 6.5 per cent year over year (YoY) in fiscal year 2025, making it one of the six major nations of the Association of Southeast Asian Nations (ASEAN) to perform very well, according to a recent report by Oxford Economics.
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Trade Data
Amid adverse textile market dynamics in Bangladesh, Vietnam Indian exporters have opportunity, says report
The report also emphasised India's expanding market share in key regions, supported by factors like the UK FTA and declining yarn costs.
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Cirql, a Vietnam-based brand, has made a groundbreaking innovation in the footwear industry by developing sustainable midsoles for footwear.
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The ramifications of the EU-Vietnam Free Trade Agreement (FTA) and Bangladesh's imminent graduation from Least Developed Country (LDC) classification could result in a major reduction of up to 21% in the country's ready-made garment (RMG) exports to the EU, according to sources.
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Recover™ expands its global footprint with a state-of-the-art recycling facility in Vietnam. This strategic move supports circularity in textiles and strengthens Recover’s sustainable solutions for global brands.
