Of note, between October of last year and May of this year, US Customs stopped 950 shipments entering the US from Vietnam under the UFLPA valued at US$520 million. Of those 528 were released, 207 are still pending an outcome, and 215 were denied entry. Those denied shipments were worth a collective US$20.9 million with 46 shipments of apparel, footwear, and textiles among them valued at US$496,485…

Orders up but prices down for garments and textiles in Vietnam

the-shiv June 23, 2024

Of note, last year was not a good year for garment manufacturers and clothing suppliers in Vietnam. This was mostly on the back of lower demand in key export markets as a result of higher inflation from higher fuel costs. The response to this has been mostly supply side stimulus. Tax and interest rate cuts have been common but the impact of these measures has been limited without the demand to support them. By the end of November 2023 exports of garments and textiles from Vietnam were hovering at US$30.4 billion, a drop of 12.3 percent over the same period in 2022…

Where are Nikes Made in Vietnam 2024?

the-shiv April 27, 2024

Nike products made in Vietnam are produced in several provinces around the country. They are, however, mostly concentrated in the south, in and around Ho Chi Minh City. This is in part because of the dense population and access to one of Vietnam’s biggest ports but also because Ho Chi

HCMC customs steps up action against imports, exports of firms with unpaid taxes

the-shiv March 11, 2024

Specifically, the Ho Chi Minh City Customs Department has stopped import and export procedures for Gia Dinh Textile and Garment Company over VND 100 billion (US$4 million) in unpaid taxes, VN Express is reporting. This is yet another instance of Vietnam customs being used to collect tax debts. At the

Struggling Vietnam garment maker starts selling asset to cover losses

the-shiv February 5, 2024

Garmex Saigon, which once had 3,700 workers on its payroll, had just 35 staff at the end of 2023, has started selling assets to cover losses, Tuoi Tre is reporting. This is after failing to secure any new orders for the firm in the fourth quarter of last year. Other

Vietnam Footwear Manufacturers: Quick Guide 2024

the-shiv February 3, 2024

Vietnam footwear manufacturers count themselves as part of one of the biggest footwear manufacturing industries in the world. Trailing only India and China, this relatively small country exported footwear to the tune of US$19.94 billion in 2023, made for some of the most well-known footwear brands. From sandals to running

Vietnam Clothing Suppliers: Quick Guide 2024

the-shiv January 15, 2024

Vietnam clothing suppliers are many and varied, producing any number of items of clothing from shoes to hats and everything in between. This is off the back of low labour costs and a long history of making clothing, both bespoke and mass manufactured. This has also seen this burgeoning Southeast

Vietnam’s garment and textile sector to have ‘difficult’ 2024

the-shiv January 9, 2024

The year 2023, was the most difficult year in 30 years for the textile and garment industry in 30 years, according to Le Tien Truong, vice chairman of the Vietnam National Textile and Garment Group, and reported by Vietnam News. Key takeaways Garment and textile turnover dropped by 10 percent

Vietnam Garment Manufacturing 2024: Ultimate Guide

the-shiv January 8, 2024

Vietnam garment manufacturing has come a long way in not so many years. In 2022, Vietnam took fourth place in terms of world market share of garment exports, sending nearly US$37.6 billion worth of garments and textiles all over the world. This was up from US$26 billion in 2017, according

Singapore garment firm to in invest in new plant in southern Vietnam

the-shiv December 15, 2023

Singapore’s J&H Yubo is set to invest US$19 million in a factory in Dong Nai in southern Vietnam, The Investor is reporting.

Vietnam-owned garment firms struggle against foreign counterparts

the-shiv November 27, 2023

VN Express is carrying a feature on the garment sector focused on the gap between the levels of success experienced by local firms versus foreign-invested enterprises. It carries a number of key points regarding the challenges the sector currently faces. These include: There is an overemphasis in Vietnam on new

Vietnam IPOs so far this year net just US$7 million

the-shiv November 21, 2023

The only three IPOs in Vietnam so far this year pulled in just US$7 million, The Investor is reporting. The publication is referencing a report from Deloitte and suggests that the Ho Chi Minh City Stock Exchanges poor performance this year has seen firms delaying their IPOs. The three IPOs

🇻🇳 Textile and garment firms still struggle amid low demand in key export markets

the-shiv November 6, 2023

The 3,700 workers Garmex Saigon Corporation had in 2021 was whittled down to 1,900 workers last year, and this year has dropped to just 37 on lower demand for Vietnamese garments, Dan Tri is reporting. Why it matters: Layoffs have been common throughout the industry this year and attributed mostly

Up to 80 percent of Vietnam garment makers impacted by US green manufacturing regs

the-shiv October 31, 2023

Green textile and garment manufacturing regulations introduced in the US this year have created problems for 80 percent of Vietnamese textile and garment exporters, Saigon Giai Phong is reporting. Similar regulations in the EU, require garment and textile imports to meet ecological design criteria, which have seen 90 percent of

🇻🇳 Garment exports drop in September after four months of increases

the-shiv October 18, 2023

Vietnam Plus is reporting that garment and textiles exports increased in August for the fourth month in a row, with US$3.4 billion exported, up 5.5% month on month. Customs data from September, however, reveals that this upward run was short-lived with textile and garment exports reaching just US$2.57 billion in