Japan-based garment manufacturer Matsuoka Corp. is all set to build its fourth plant in Vietnam.
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In an endeavour to promote effective negotiation in the textile and garment sector, 5 apparel firms have signed a collective labour pact with their employees.
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As per experts and industry insiders, poor dyeing facilities and increasing dependence on fabric imports are stopping Vietnam garment sector from exploiting its true potentials.
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Reversing the decision taken earlier this week, Central Group has again decided to buy apparels from Vietnamese suppliers much to latter’s relief.
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Vietnam has challenges like increasing minimum wage, dependency on China for raw material… And now US may impose some tariffs too.
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Industry elated at the signing of much-awaited EU-Vietnam Free Trade Agreement.