All Vietnam articles
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News briefsVIATT announced as ASEAN’s new comprehensive textile platform
The inaugural edition of the Vietnam International Trade Fair for Apparel, Textiles and Textile Technologies (VIATT) will take place from Feb. 28 to March 1, 2024, at the Saigon Exhibition and Convention Center (SECC) in Ho Chi Minh City. Messe Frankfurt (HK), which co-organizes the event with the Vietnam Trade ...
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News briefsPro-Sports joins the International Textile Manufacturers Federation
Pro-Sports, a Vietnam-based garment manufacturer that primarily focuses on performance, active, sports and casual wear, has joined the International Textile Manufacturers Federation (ITMF) as a corporate member. Located in northern Vietnam, Pro-Sports specializes in both woven and knit products and has a workforce of 6,000 people in four factories. The ...
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News briefsPou Chen with further layoffs in Vietnam
Pou Chen Corp, the world’s largest athletic footwear manufacturer, has told authorities that it will lay off 1,221 people on permanent contracts at its Ho Chi Minh City factory in Vietnam. Since the beginning of the year, Pou Chen has reduced the number of employees at the factory, which was ...
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News briefsVietnam’s textiles exports fell double digit in first four months of 2023
Vietnam’s textile and apparel exports fell 18.1 percent to $9.72 billion in the January-April 2023 period, according to preliminary data from the customs IT and statistics department of the Department of Customs under the country’s Ministry of Finance. Yarn exports during the first four months of 2023 dropped 32.9 percent ...
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News briefsPou Chen plans to lay off more workers in Vietnam
Taiwan-based Pou Chen, parent company of Yue Yuen and supplier to major Western sporting goods firms such as Nike, Adidas and Reebok, announced further layoffs of more than 5,700 workers at Pouyuen Vietnam Co. in Ho Chi Minh City between June 24 and July 8, according to state media reports. ...
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News briefsPou Chen reportedly plans massive job cuts at Vietnam footwear factory
Citing two local officials familiar with the company’s plans, Reuters reports that Taiwan-based Pou Chen Corp, which makes athletic footwear for Nike, Adidas and others, plans to cut about 6,000 jobs at its Pouyuen Vietnam plant in Ho Chi Minh City due to weak demand. The plant is reportedly set ...
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News briefsOrthoLite Cirql names sales director in Ho Chi Minh City, Vietnam
Source: OrthoLite Juan Cutina U.S.-based insole specialist OrthoLite has introduced Juan Cutina as sales director for its recently launched OrthoLite Cirql division. Cirql – an EVA foam that is plastic-free, recyclable, biodegradable and industrially compostable – is a patented solution for footwear that helps brands and factories ...
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News briefsLotto to expand retail footprint in Southeast Asia
WHP Global has announced a partnership with MAP Active (MAPA) for the Lotto brand. Under the terms of the agreement, MAP Active will serve as Lotto’s regional partner across Southeast Asia to further expand the retail footprint of Lotto’s apparel, footwear and accessories business. The partnership involves an omnichannel approach ...
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ArticleIEEFA study shows high pressure on Vietnam’s industry to move to renewable energy sources
Since the Vietnamese economy largely relies on the export-dependent manufacturing industry, the country is more exposed to multinational corporations and the global consumer market than any other developing Southeast Asian country says a newly released paper by the Institute for Energy Economics and Financial Analysis (IEEFA). The organization has studied ...
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News briefsDecathlon partners with GIZ on sustainability efforts in Vietnam
Decathlon and the German Development Agency (GIZ – Deutsche Gesellschaft für Internationale Zusammenarbeit) will be collaborating this year on two joint initiatives to reduce the environmental impact of Vietnam’s garment and textile factories. The two joint projects are “Climate Protection through Sustainable Bioenergy Markets in Vietnam” (GIZ BEM) and “Fostering ...
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News briefs
Vietnamese plants will reopen as more than a third of the population is vaccinated
Big and small sports companies relying on Vietnam to source some of their apparel and footwear are breathing a sigh of relief as the factory lockdowns imposed in mid-July are due to be lifted on Oct. 1, as expected, although it will take months to take the production back to ...
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ArticleVietnam becomes more self-sufficient in footwear design and components
Lefaso, Vietnam’s Leather, Footwear and Handbags Association, expects its industry to achieve exports of more than $20 billion this year after suffering from a decline last year due to the impact of the Covid-19 pandemic on supply chains, consumption and trade. They could double in three to four years’ time ...
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The U.K. reaches trade accord with Vietnam, but a deal with EU is unlikely
After a dinner in Brussels on Wednesday night, British Prime Minister Boris Johnson and Ursula von der Leyen , the president of the European Commission, both indicated that the likelihood of “no deal” between the U.K. and the European Union has increased. Von der Leyden said that a final decision ...
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ArticleFESI welcomes entry into force of FTA between EU and Vietnam
The Federation of the European Sporting Goods Industry (FESI) is welcoming the long-awaited formal entry into the Free Trade Agreement between the European Union and Vietnam (EVFTA) on Aug. 1. After more than eight years of negotiations, the EU and Vietnam will finally benefit from a free trade agreement that ...
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EU-Vietnam FTA may widen the gap with Cambodia
The Federation of the European Sporting Goods Industry (Fesi) has applauded the ratification by the National Assembly of Vietnam of the Free Trade Agreement between the European Union, removing one of the last obstacles to its passage after eight years of negotiations. Jérôme Pero, secretary general of Fesi, said it ...
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News briefs
Vietnam will likely meet its export target
The Vietnam Leather and Footwear Association (Lefaso) announced in early February that the domestic footwear industry was likely to reach its export target of $24 billion this year, as a result of the U.S.-China trade war and the related shift in sourcing. According to reports in Vietnam Plus, Lefaso forecast ...
