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GARMENT / TEXTILE

APPAREL EXPORT TARGET SEEN UNOBTAINABLE IN 2016

[26-07-2016] This year’s export target of US$30 billion seems to be a daunting task for the textile and garment sector given higher costs, fewer orders and mounting competition.Vu Duc Giang, chairman of the Vietnam Textile and Apparel Association (VITAS), told a press conference in Hanoi last week that the sector posted export revenue of only US$12.76 billion in the first six months, growing 4.72% year-on-year but representing just 41% of the full-year target.

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GARMENT / TEXTILE

LARGE TEXTILE PRODUCTION ZONES PROPOSED

[18-07-2016] The Ministry of Industry and Trade (MoIT) has proposed the development of large textile and garment industrial zones (IZs) to attract investment in dyeing, and fabric and yarn production. The 500ha to 1,000ha zones would attract local and foreign investment for high-end products.

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GARMENT / TEXTILE

GERMAN GARMENT & TEXTILE TECHNOLOGIES INTRODUCED IN HA NOI

[06-07-2016] Germany's latest textile and apparel technologies were introduced to local enterprises in Ha Noi on July 5. The event was held by the Vietnam Textile and Apparel Association (Vinatas) in collaboration with the Textile Machinery Association under the Germany Engineering Federation (VDMA).

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GARMENT / TEXTILE

SEEKING TECHNOLOGICAL SOLUTIONS FOR VIETNAM GARMENT AND TEXTILE INDUSTRY

[01-07-2016]Seen as one of the greatest beneficiaries from new generation free trade agreements (FTAs), the garment and textile industry is still, however, importing up to 80 per cent of input materials from other countries, mostly from non-TPP and non-EVFTA countries.

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GARMENT / TEXTILE

COOPERATION IN BUILDING SUPPLY CHAINS IN GARMENT AND TEXTILE INDUSTRY

[27-06-2016] With a 15 per cent average annual growth, a 10 per cent contribution to the country’s industrial production value and a 15 per cent contribution to the total export value, the garment and textile industry is seen as one of the sectors that benefits the most from deep, broad and strong integration, especially after the TPP and the EVFTA take effect.

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GARMENT / TEXTILE

SMALL APPAREL FIRMS SEE ORDERS FALLING

[04-05-2016] Small and medium apparel enterprises struggled to survive in quarter one, with many of them suspending production, as their customers shifted their orders to Myanmar and Laos to enjoy lower prices, heard a business conference in HCMC last week.

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GARMENT / TEXTILE

VN TEXTILE INDUSTRY LOOKS TO 2020 AND BEYOND

[02-05-2016] The domestic garment and textile industry wants to revise a development plan to 2020 with vision for 2030, to match the progress of the country. The current plan was approved in April 2014, and it is expected that Viet Nam garment exports will reach between US$20 billion and $25 billion by 2020.

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GARMENT / TEXTILE

TEXTILE EXPORTS UP 5.67%

[28-04-2016] Of the figure, the State sector and the Foreign Direct Investment (FDI) sector contributed US$2 billion and US$3.08 billion, up 6.4% and 6.7%, respectively. The U.S. was the largest importer of Viet Nam’s textile with US$2.53 billion, up 6.57%. It was followed by the EU with US$692 million, up 7.3%, Japan with US$640 million, up 0.62%, the Republic of Korea with US$531.1 million, up 12.37%.


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