Vietnam's Textile Industry Aims to Shed Import Reliance, Addressing Bottlenecks is Key
Despite being a top global textile exporter, Vietnam's industry faces low added value due to 50-60% import reliance for raw materials. Developing domestic support industries and concentrated production hubs are crucial for sustainable growth and enhanced international competitiveness.
This article requires PRO
This article is outside the free access window or is a special report. PRO unlocks it and the full archive.
Related articles
- Vietnam and Panama Leaders Meet, Agree to Strengthen Economic Cooperation
Vietnamese President To Lam officially welcomed Panamanian President José Raúl Mulino in Hanoi, with both leaders agreeing to strengthen economic cooperation. Two-way trade reached $478.1 million, up 19.2% year-on-year, highlighting Panama's strategic location and Vietnam's role as a gateway to ASEAN markets.
- Vietnam Seeks Diversified Funding to Achieve Lower Interest Rates
Vietnam's economy faces challenges in lowering interest rates solely through bank lending due to increased year-end capital demand. Experts emphasize expanding funding from stock markets and international sources, alongside improving credit ratings, as key to sustained rate reduction.
- Vietnam's Dien May Xanh Nears $4 Billion Revenue Mark on Apple Product Surge
Vietnam's leading electronics retailer, Dien May Xanh, achieved its highest monthly revenue in September. Cumulative revenue from January to September neared $4 billion (VND 99.46 trillion), with Apple products, particularly iPhones, contributing 20% of the total sales.
- Panama Ready to Serve as Gateway Connecting Vietnam to Latin American Economies
Panama's President, during an official visit to Vietnam, expressed readiness for Panama to become a 'gateway' connecting Vietnam to Latin American markets, aiming to strengthen bilateral trade and investment. This signals potential for deepened economic cooperation.