Photo: vietnamtextile Companies from 15 countries and territories such as China, Germany, Japan, the Republic of Korea, Pakistan, Taiwan (China), and Thailand will showcase their textile-garment machinery and equipment, high-quality silk and fabrics, dyeing equipment and chemical dyes, materials and accessories, and more, across the 6,000sqm exhibition. Theo VNA … [Read more...] about Some 200 exhibitors to join Hanoi Textile, Garment Industry Expo
Textile garments industry
Vietnam exported nearly 37 billion USD worth of textile-garment products in 2018, and the figure is expected to hit some 40 billion USD this year (Photo: VNA) HCM City (VNA) – Recommendations were given to Vietnamese textile-garment businesses at a workshop in Ho Chi Minh City on April 10 to help them develop strategies for sustainable development. Secretary General of the Vietnam Textile and Apparel Association (VITAS) Truong Van Cam said the country is now one of the biggest textile-garment exporters in the world. The sector gained nearly 37 billion USD from exports in 2018, up 16 percent year-on-year, with the figure expected to hit some 40 billion USD in 2019. Additionally, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is forecast to create a driving force for Vietnam’s textile-garment industry in 2019 and the following years, he said. Despite its relatively fast growth, the industry still has certain weaknesses, … [Read more...] about Workshop suggests ideas for development of textile-garment firms
VietNamNet Bridge - PM Nguyen Xuan Phuc, at a conference held in late December, said the localization ratio in the textile and garments, and footwear industries, has risen to 40-45 percent. The localization ratio in textile & garment industry has risen to 40-45 percent Experts all agree that poor supporting industries are the major reason hindering Vietnam from joining global supply chains. However, this is no longer true in the textile and garment industry. Vietnam has made a big leap in developing textile and garment supporting industries thanks to the government’s policy and enterprises’ hectic preparations for Free Trade Agreements, which set high requirements on the origin of products. The HCMC-based Hung Xuong Chemicals has obtained Bluesign, an European certificate on environmentally friendly products and workplace safety, which is considered a solution for sustainable textile production. RELATED NEWS Garment manufacturers feel pressure from … [Read more...] about Localization ratio in textiles & garments goes up
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
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?