Topic: VITAS

At the “Traceability of textile materials before the impact of the new geopolitical situation” workshop organized recently by the Vietnam Textile and Apparel Association (VITAS) and Cotton Council International (CCI) in Ho Chi Minh City, analysts said textile and garment enterprises are under great pressure from regulations on the traceability of raw materials in many stages of the industry supply chain.

On August 11, at a national conference between the Prime Minister and businesses, the Vietnam Textile and Apparel Association (VITAS) proposed that the government remove difficulties facing textile and garment enterprises by reducing or exempting certain taxes and fees, implementing the business recovery support package, and quickly approving the “Strategy to develop the textile and footwear industry to 2030 and vision to 2035”.

According to the Vietnam Textile and Apparel Association (VITAS), textile and garment exports reached $22.3 billion in the first half of 2022, up 17.7 per cent year-on-year. Exports in the second half are expected to reach $20-21 billion, bringing the total to $42-43 billion for the year as a whole.