Vinatex - apparel and textile industry company news 
VIETNAM: Vinatex FY export revenues surge 20%
13 March 2012
The Vietnam National Textile and Garment Group (Vinatex) has seen its full-year export revenue jump 20% to US$2.3bn in 2011 - accounting for 14.7% of the country's total textile and garment shipments.
VIETNAM: Textile and garment exports soar 38% in 2011
6 January 2012
Vietnam's textile and garment exports jumped 38% year-on-year in 2011 to reach a record US$15.6bn, according to the Ministry of Industry and Trade.
Global news roundup
12 December 2011
The following is a round-up of apparel and footwear news from the world's local media. just-style has not checked these stories so cannot guarantee their accuracy.
VIETNAM: Thanh Cong Textile swings to Q3 loss
11 November 2011
Vietnam's leading garment manufacturer Thanh Cong Textile Garment (TCM) has swung to a third quarter loss of VND756m (US$36,000) despite a slight 0.9% rise in revenue.
Global news roundup
31 October 2011
The following is a round-up of apparel and footwear news from the world's local media. just-style has not checked these stories so cannot guarantee their accuracy.
VIETNAM: Garment exports up 32% in first nine months
5 October 2011
Vietnam's textile and garment exports in the first nine months of this year were 32% higher than the same period last year, the latest data from the Ministry of Industry and Trade shows.
Global news roundup
30 September 2011
The following is a round-up of apparel and footwear news from the world's local media. just-style has not checked these stories so cannot guarantee their accuracy.
THE FLANARANT: Is supplier liquidity the next sourcing challenge?
11 August 2011
For many in the global garment supply chain the recession that 's been hanging over the West has scarcely caused a dent in most Asian countries' growth. But it now looks as if many in Asia are about to be hit by a new problem - a serious liquidity crisis among many textile and garment businesses.
VIETNAM: Produces first polyester fibre, to add spinning
26 July 2011
Vietnam's textile industry has reached a strategic milestone after the Dinh Vu Polyester Fiber Plant produced the country's first batch of polyester synthetic fibre (PSF) - while plans are also underway to begin production of a new spinning plant.
FOCUS: Vietnamese consumers find their passion for fashion
25 July 2011
Backed by a strong retail environment and growing consumer awareness of fashion and trends, Vietnam's domestic apparel market grew by 9% in 2010 to reach VND39,911bn (US$2.1bn), according to Magdalena Kondej, head of apparel research at Euromonitor International.
Global news roundup
8 July 2011
The following is a round-up of apparel and footwear news from the world's local media. just-style has not checked these stories so cannot guarantee their accuracy.
VIETNAM: H1 textile and garment exports soar 30%
4 July 2011
Vietnam's textile and garment exports turnover reached $6.16bn in first six months 2011, a year-on-year rise of 30% and the industry's strongest growth in four years.
VIETNAM: Marubeni signs US$37.5m supply contract
27 June 2011
Japan based Marubeni Corp has signed a contract worth more than US$37.5m supplying raw materials for Vietnam's Dinh Vu polyester fibre plant in the northern port city of Hai Phong, including 18,000 tones PTA and 9,000 tones MEG.
VIETNAM: Lagardere Active expands into Vietnam
14 June 2011
Phuoc Long Joint Stock Co (PLI) has signed a licensing agreement with French manufacturer Lagardere Active to produce and sell its fashion brand Elle in Vietnam.
VIETNAM: Vinatex unit builds new polyester plant
11 March 2011
Nha Trang Textile (Nhatexco), a subsidiary of Vietnam National Textile and Garment Group (Vinatex), has broken ground on a new polyester fibre plant in Vietnam.
VIETNAM: Vinatex posts 23% rise in exports
17 January 2011
Vietnam National Textile and Apparel Group (Vinatex) made US$2.1bn in exports turnover for fiscal 2010, representing a year-on-year increase of 23%.
VIETNAM: Textile and apparel exports soar 22% in 2010
5 January 2011
Vietnamese textile and apparel exports soared 22% to US$11.17bn in fiscal 2010 - far exceeding the government's target of $10.5bn.
VIETNAM: Japan’s Marubeni to invest in garment production
22 December 2010
Japanese trading firm Marubeni Corporation is seeking to collaborate with Vietnamese manufacturers to set up new garment production facilities to make garments for export to its home market.
VIETNAM: Textile and garment exports rise 17.2% in first half
6 July 2010
Textile and garment exports from Vietnam increased 17.2% to US$4.8bn in the first half of the year, thanks to strong recovery in the US market.
VIETNAM: First eco-textiles lab opened up
23 April 2010
An eco-textile testing laboratory has opened in Hanoi, Vietnam, for the development of local products by a textiles research unit of the Vietnam National Textile and Appreal Group (Vinatex).
VIETNAM: Vinatex opens first high-quality suit plant
12 April 2010
Retailers including Marks & Spencer and C&A are among customers of a new suit plant that has just opened in Vietnam, which is also said to be the country's first high quality suit factory.
VIETNAM: Export orders show promise for year ahead
6 April 2010
The Vietnam Textile and Apparel Association (Vitas) has posted an optimistic outlook for the year ahead, saying local firms have signed so many contracts they will have export orders until the third quarter at least.
VIETNAM: Two textile parks to boost local fabric production
29 January 2010
The Vietnam National Textile and Garment Group (Vinatex) plans to build two large industrial parks specialising in textiles and dyeing in the Mekong Delta province of Tra Vinh and the northern province of Thai Binh.
VIETNAM: Vinatex to invest US$198m in cotton
29 June 2009
Vietnam National Textile and Garment Group (Vinatex) is to invest VND3,500bn (US$198m) into cotton plantations between 2009 and 2020 in a bid to restore the country's industry.
VIETNAM: Cotton processing plants shut as supplies dry up
19 December 2008
Three cotton processing plants in Vietnam's Central Highland region have been forced to shut down because they have not got enough cotton raw materials for production, said the country's National Textile and Garment group Vinatex.
ANALYSIS: Has the retail boom gone bust?
22 April 2008
The global credit crisis isn’t creating huge collapses in retail sales, says Mike Flanagan, despite numerous reports to the contrary. He believes retailers’ profits are under pressure because sales aren’t growing as fast as most business plans required. More significantly, though, emerging markets are transforming their manufacturing industries in response.
VIETNAM: Vinatex inks deal to set up polyester fibre plant
27 March 2008
The state-owned Vietnam oil and gas corporation, PetroVietnam, and the Vietnam National Textile and Garment Group (Vinatex) have signed a deal to build the country’s first polyester fibre plant, according to local news reports.
VIETNAM: Vinatex to complete privatisation this year
25 January 2008
The Vietnam National Textile and Garment Group (Vinatex) is to complete its privatisation during 2008, with an IPO slated for the end of the year or the beginning of 2009.
VIETNAM: First polyethylene fibre facility planned
23 January 2008
Vinatex is looking to build the first polyethylene (PE) fibre plant in Vietnam, to serve domestic textile and apparel producers.
VIETNAM: Vinatex profits soar during 2007
4 January 2008
Vietnam National Textile and Apparel Group, Vinatex, is expecting to post profits of VND521.75bn (US$32.6m) for the full-year 2007, representing an increase of 250% compared to the prior year.
Related research
Textiles and Clothing in Vietnam: Riding the Crest of a Wave
The past decade has been momentous for Vietnam’s textile and garment industries as the country has moved from complete state control to a much freer economy—thereby allowing individual entrepreneurs and small companies to thrive. Also, Vietnam’s growing trade surplus in textiles and clothing is bringing increasing prosperity to the country. Between 2001 and 2009 its exports rose 78-fold to reach US$9.1 bn. Today there are more than 2,000 textile and garment companies, employing over 2 mn workers, and textiles and clothing have become the country’s largest industry. Moreover in the first four months of 2010, garments alone made up 57% of Vietnam’s total exports to the USA.
Apparel Specialist Retailers in Vietnam
Use this report to get a detailed picture of the Apparel Specialist Retailers market in Vietnam. Pinpoint growth sectors and identify factors driving change, understand the competitive environment and the market’s major players and leading brands. Use five-year forecasts to assess how the market is predicted to develop.
Clothing and Footwear Specialist Retailers - Vietnam
Clothing and footwear specialist retailers recorded VND21 trillion in 2010. In general, clothing and footwear specialist retailers had a widespread outlet network in the country because the majority of the retailers were independent small shops with average selling space per outlet of approximately 80 sq m. In 2010, the total number of outlets reached over 9,000, operated under the total selling space of 735,000 sq m.
