Trump once wanted to double tariffs on China
On August 23, China announced to impose import tariffs on $75 billion of products from the US in response to Washington’s previous tariffs. CNBC quoted sources close to the president as saying that President Trump’s first reaction when he heard this news was to propose to advisers to double the current taxes. US Treasury Secretary…
Read MoreTextile and garment have difficulty because orders are ‘split’
According to a report of the Ministry of Industry and Trade, due to the US-China trade tensions affecting the exchange rate between currencies, the price of processed goods in Vietnam is higher than that of some countries in the region such as South Korea and China. This has led to an impact on export orders,…
Read MoreVietnamese textile and garment delegation attended Textillegprom Fair 2019 in Russia
In the first 6 months of 2019, Vietnamese garment exports to the Russian market reached more than 130 million USD, an increase of more than 70% compared to the same period in 2018, focusing mainly on items: Jackets, Children’s clothing children, trousers, t-shirts… With the aim of exploiting the maximum advantages from the Free Trade…
Read MoreCelebrate the Creative Labor Day in the Textile and Garment Industry
Attending the ceremony were Mr. Ngo Duy Hieu – Deputy Director of the Vietnam General Confederation of Labor, Mr. Ho Xuan Lam – Ward of the City Confederation of Labor. Ho Chi Minh City, Mr. Le Nho Thuong – Member of Executive Committee of the Vietnam Confederation of Confederation of Confederation of Confederation of Confederation…
Read MoreTextile is still facing difficulties in the last months of the year
According to statistics of the Ministry of Industry and Trade, in the past 10 months, the export turnover of the textile and garment industry reached 27.4 billion USD, continuing to hold the position in the top 5 key export products of Vietnam. In the last months of the year, textile and garment enterprises have made…
Read MoreTextile enterprises have negative growth
According to statistics of VnDirect Securities Joint Stock Company, more than half of listed textile and garment enterprises have negative growth due to the decrease in the number and size of orders in the context of the US-China trade tension not yet subsided. The fear of instability caused most of the main export markets of…
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