Garment, textile firms face tough, bigger rivals
Several Vietnamese garment and textile companies would face more challenges from large rivals following integration, said Tran Quang Nghi, chairman of the National Garment and Textile Group (Vinatex).
Nghi, speaking at a conference entitled “Garment and Textile – Opportunities and Challenges”, focusing on integration and held in Hanoi on 30 September, that a shortage of capital and backwards technology, along with weak management capacities, had created difficulties for the businesses.
