Topic: raw materials

Attracting green projects into the production of raw materials, forming a supporting industry, and digitalizing the production process are keys to helping the textile industry develop sustainably in the new context. The industry also needs to selectively attract FDI, prioritizing projects with advanced technology that do not have any adverse impact on the environment.

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), after increasing from 39 per cent to 62 per cent in the first four months of the year, seafood export growth has slowed since May, primarily because of a lack of raw materials. It has been forecast that exports will grow more slowly in the third quarter than in the early parts of the year.

Prices of raw materials, fuel, and materials used for production increased significantly in the first half of 2022, as did transportation and warehousing costs. The CPI in the period, however, is considered low at 2.44 per cent.