At the recent textile and garment sector business dialogue in Hanoi, chairman of Vietnam Textile and Apparel Association (Vitas) Vu Duc Giang forecast that the sector could achieve $31 billion in total export value this year, surpassing the target by $1 billion.According to Vitas’ figures, the textile and garment sector reaped $25.7 billion in export value in the year to the end of October, an 11 per cent jump on-year.The figure is expected to touch $28.5 billion by the end of November.According to Le Tien Truong, general director of state textile and garment group Vinatex, the US’ withdrawal from the Trans-Pacific Partnership Agreement (TPP) has not affected Vietnam's apparel exports to the US.“Last year, Vietnam raked in $11.45 billion from textile and garment exports to the US, up 4.5 per cent over the previous year. This year, the export value continues on this upward trend and is expected to reach $12.5 billion,” he said.As for footwear exports, according … [Read more...] about Textile, garment, and footwear sectors to surpass full-year export target
Vietnam earned 11.82 billion USD from exporting footwear products during January-October (Source: VNA)Hanoi (VNA) – The exportturnover of Vietnamese footwear products hit 11.82 billion USD in the first tenmonths of 2017, up 13 percent year-on-year.Exports to Indonesia recorded the highestgrowth, at 53 percent, followed by Singapore (45 percent), Hungary (34percent), India (33.7 percent) and Poland (33 percent).The Vietnam Leather, Footwear and HandbagAssociation predicted that the footwear sector’s production will enjoy a growthrate of 5 percent this year compared to last year, while the export value offootwear and handbags will reach nearly 18 billion USD, or a 10-percent rise ayear-on-year.Vietnam is aiming for 24-26 billion USD inleather, footwear and handbag exports by 2020, 35-38 billion USD by 2025 and50-60 billion USD by 2035.-VNA … [Read more...] about Footwear exports enjoy 13 percent rise during Jan-Oct
Exports to Indonesia recorded the highest growth, at 53%, followed by Singapore (45%), Hungary (34%), India (33.7%) and Poland (33%). The Vietnam Leather, Footwear and Handbag Association predicted that the footwear sector’s production will enjoy a growth rate of 5% this year compared to last year, while the export value of footwear and handbags will reach nearly US$18 billion, or a 10% rise a year-on-year. Vietnam is aiming for US$24-26 billion in leather, footwear and handbag exports by 2020, US$35-38 billion by 2025 and US$50-60 billion by 2035. … [Read more...] about Footwear exports enjoy 13% rise during Jan-Oct
Tighter control over the gold market has pushed many gold shops to the brink of closure, and in response they’ve turned to selling other products. My Tuyen gold shop Gold market becomes less attractive The gold mark has warmed up following the sharp rise of the global gold market from now to the year end. On August 11, Saigon Jewellery Company Limited (SJC) listed the buying price and purchasing price of VND42.28-42.37 million per tael, up VND160,000 and VND80,000 compared to the previous day. However, Nguyen Cong Tuong, Deputy Head of SJC's Sales Department, said, the gold market was not as animated as prior to the announcement of Government’s Decree 24 due to tighter management over gold bullion sales. The decree has restricted gold bar trading to around 1,000 taels per day. Most of the buyers are small investors and those buying gold for their wedding. Many people have taken advantage of the low interest rate to buy gold for … [Read more...] about Gold shops turn to footwear sales due to slow trade
Made by robots for humans’ is the phrase used to introduce the shoes made at Adidas Speedfactory in Germany. The products are made by robots with designs inspired by the largest cities in the world.It takes Adidas 18 months to design, manufacture and bring products to consumers. However, it hopes the process will be shortened to 45 days thanks to Speedfactories like the one in Germany.At present, Adidas relies on over 1 million workers at factories in Asia. China and Vietnam alone churn out 600 million pairs of shoes and other products a year. Vietnam is the third largest footwear producer in Asia, after China and India, and the fourth largest producer in the world.However, Adidas is planning the relocation of production bases to places near major markets. This will help bring products to customers more quickly and cope with the increasing labor cost in Asia and higher transportation fees.PM Nguyen Xuan Phuc, during his visit to the US earlier this year, when mentioning … [Read more...] about Adidas overseas SpeedFactories: how will it affect VN footwear industry?