Facing rising demand, tariffs and supply chain pressures, Việt Nam’s textile sector eyes automation, domestic sourcing and digital traceability to stay globally competitive.
In response to U.S. reciprocal tariffs, some Vietnamese wood manufacturers are considering producing on the American soil, said Ngo Sy Hoai, vice chairman and general secretary of the Vietnam Timber and Forest Products Association (Viforest).
LEFASO General Secretary Phan Thi Thanh Xuan said that due to major changes in tariff policies, market diversification is one of the goals of the Government as well as the footwear industry.
Since July, exports from several sectors to the US have slowed as American buyers tighten orders and ask Vietnamese businesses to share the burden of the 20% reciprocal tariff.
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