Illustrative image (Source: VNA) HCM City (VNA) - Vietnam’s textile and garment sector is hoped to make breakthroughs in 2019 based on successes and momentum last year. According to the Vietnam Textile and Apparel Association (VITAS), 2018 was a successful year for the textile and garment industry with a total export turnover of over 36 billion USD, up over 16 percent year-on-year, making Vietnam one of the three biggest exporters of textiles and garments in the world. VITAS Chairman Vu Duc Giang said last year, the world saw complicated developments, rising trade disputes and scientific-technological advances. In that context, the association proposed many measures to the Government, and relevant ministries and sectors to remove policies that cause difficulties for businesses operating in this field, he said. With the results achieved in 2018, Vietnamese textile firms have witnessed positive signals for orders in 2019. Many businesses have already received orders for the … [Read more...] about Vietnam’s textile-garment industry hopes for breakthroughs in 2019
Textile garments industry
VietNamNet Bridge - The textile & garment export turnover in the first 10 months of the year reached $25.15 billion, an increase of 17.1 percent compared with the same period last year, partly due to the trade war between the US and China, according to the Ministry of Industry and Trade (MOIT). The textile & garment export turnover is on the rise The US continues to be the biggest export market for Vietnam, bringing about 50 percent of total export turnover. MOIT confirmed that exports increased sharply partly thanks to the trade war as orders left China for Vietnam. Vietnam is expecting rapid growth rates in the export of textiles and garments, which will see the biggest benefits from the US-China trade war. The Chinese yuan is depreciating against the US dollar and against the Vietnam dong as well. This allows Vietnamese enterprises to import fabric and input materials from China at lower prices. Meanwhile, Vietnam can obtain bigger market share in the US as … [Read more...] about Can Vietnam’s textile & garment industry benefit from the trade war?
The exhibition series offer an opportunitiy for Vietnamese manufacturers to access global supply chains with quality, modern and time-saving products and services The exhibitions include the 2018 Vietnam Int'l Textile & Garment Industry Exhibition (VTG 2018), the 18thVietnam International Textile and Apparel Accessories Exhibition (VITATEX), the Vietnam International Footwear Machinery & Material Industry Exhibition (VFM), and the 8th Asia International Dye Industry, Pigments and Textile Chemicals Exhibition (INTERDYE ASIA 2018). VTG 2018 features the participation of more than 400 units with over 600 pavilions from hundreds of internationally famous brands, such as Bao Lun, Rich Peace, Tajima, ZSK (embroidery machines), Heinz Walz, Epson, Grafica and Sulfet (printing machines). VFM is one of the new highlights of this year’s exhibition series, introducing footwear manufacturing equipment that offers multiple choices in terms of production components in the footwear … [Read more...] about Series of int’l textile & garment industry exhibitions open in HCM City
At the event (Source: VNA) Hanoi (VNA) – The Vietnam Hanoi Textile & Garment Industry Expo (HanoiTex) 2018 opened in the capital city on September 19, attracting nearly 120 exhibitors from 12 countries and territories. Co-hosted by the Hong Kong’s CP Exhibition Company and the Vietnam National Textile and Garment Group, the event lured firms from China, Germany, Japan, the Republic of Korea, Pakistan, China (Taiwan), Thailand and Vietnam on a site of over 6,000 sq.m. On display are patterned, dyed, high-tech and micro-fibre fabrics, anti-dry weaving materials, and machinery used in sewing, weaving, embroidery, dyeing chemicals and many other materials. Speaking at the opening ceremony, Deputy Minister of Industry and Trade Cao Quoc Hung said this year, the Vietnamese textile and garment sector shifts production from cut-make-trim (CMT) to free on board (FOB), original design manufacture (ODM) and original brand manufacture (OBM) with the aim of bringing … [Read more...] about Hanoi Textile & Garment Industry Expo 2018 opens
An automatic fabric cutting machine on display at the expo. - VNA/VNS Photo Trần ViệtViet Nam News HÀ NỘI — The Hà Nội Textile & Garment Industry – Fabric & Garment Accessories (Hanoitex 2018) opened on Wednesday in Hà Nội. The three-day expo co-organised by the Việt Nam National Textile and Garment Group (Vinatex) and CP Exhibition Hong Kong has attracted more than 100 companies and suppliers from 15 countries and territories such as China, Germany, Hong Kong, India, Indonesia, Korea, Italia, Taiwan and Malaysia. The expo is showcasing modern machinery, equipment, chemicals and the latest technologies in the textile and garment industry. Deputy Minister of Industry and Trade Cao Quốc Hưng said that the Fourth Industrial Revolution was having significant impacts on the textile and garment industry, and urged companies to make changes and invest in new technologies and staff. Hanoitex 2018 is an … [Read more...] about Textile, garment industry expo opens in Hà Nội