Garment, textile export up by 9.8 per percent in Vietnam in 4 months

Related Keywords: apparels, export, exports, garment, Industry, Textile, Vietnam

Vietnam
Garment, textile export up by 9.8 per percent in Vietnam in 4 months
Summary: 
Vietnam gained over 9.4 billion U.S. dollars from exporting garments and textiles in the first four months of this year, up 9.8 percent year-on-year, according to the country's Ministry of Industry

Vietnam gained over 9.4 billion U.S. dollars from exporting garments and textiles in the first four months of this year, up 9.8 percent year-on-year, according to the country's Ministry of Industry and Trade on Wednesday.

In April alone, the country raked in 2.3 billion U.S. dollars from selling the products offshore, rising 7.1 percent.

Between January and April, largest importers of Vietnamese garments and textiles included the United States, Japan, the European Union and South Korea.

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'Harsh' tactics used on the Vietnamese garment workers to keep wages low

Related Keywords: contract pricing, excessive overtime, Fashion Brands, fashion chains, garment manufacturer, garment workers, labour rights, minimum wage, pay, production planning, supply chains, Vietnam

Vietnam
'Harsh' tactics used on the Vietnamese garment workers to keep wages low
Summary: 
European and U.S. fashion brands sourcing from Vietnam must stop their “harsh” tactics that push down workers’ wages and trap millions in poverty, labour rights campaigners said on Thursday. Vietnam, which is one of the world’s largest garment manufacturers and

European and U.S. fashion brands sourcing from Vietnam must stop their “harsh” tactics that push down workers’ wages and trap millions in poverty, labour rights campaigners said on Thursday.

Vietnam, which is one of the world’s largest garment manufacturers and supplies fashion chains such as Zara and H&M, is home to over 6,000 garment and textile factories that employ about 3 million people, government figures showed.

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India, VN textiles eye cooperation in textile and garment sector

Related Keywords: among top five textile and clothing, competitive prices in the world, exporting countries along with India, import a lot of raw materials, Indian consul general, lot of potential for co-operation, supplies high-quality materials and fabrics, textile and garment sector, Vietnam, Vietnam-India business meeting

India VN textiles eye cooperation in textile and garment sector
Summary: 
Vietnam is among the top five textile and clothing exporting countries along with India. K Srikar Reddy, the Indian consul general at the Vietnam-India business meeting in HCM city on Thursday said that there is a lot of potential for co-operation between the two countries in the textile and garment sector.

Vietnam is among the top five textile and clothing exporting countries along with India. K Srikar Reddy, the Indian consul general at the Vietnam-India business meeting in HCM city on Thursday said that there is a lot of potential for co-operation between the two countries in the textile and garment sector.

But it has to import a lot of the raw materials, while India’s textile industry has developed a complete product supply chain and India is also one of the suppliers of high-quality materials and fabrics at competitive prices in the world.

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Vinatex delegate visits Armenia to seek investment opportunities

Related Keywords: benefits from number of tax incentives, big companies of Armenia, considering production and business cooperation, distribution networks in Russia and the EU, EAEU, Eurasian Economic Union, first country to sign a free trade agreement, includes Armenia, textiles and garment industry of Armenia, Vietnam, Vinatex seeks investment opportunities

Hanoi
Vinatex delegate visits Armenia to seek investment opportunities
Summary: 
Vietnam is the first country to sign a free trade agreement with the Eurasian Economic Union (EAEU) that includes Armenia. Vietnam National Textile and Garment Group (Vinatex) is considering production and business cooperation with big companies of Armenia that have already had distribution networks in Russia and the EU. The country has also benefited from a number of tax incentives thanks to free trade agreements when its products enter the Russian or EU markets.

Vietnam is the first country to sign a free trade agreement with the Eurasian Economic Union (EAEU) that includes Armenia. Vietnam National Textile and Garment Group (Vinatex) is considering production and business cooperation with big companies of Armenia that have already had distribution networks in Russia and the EU. The country has also benefited from a number of tax incentives thanks to free trade agreements when its products enter the Russian or EU markets.

http://en.vietnamplus.vn/vinatex-seeks-investment-opportunities-in-armenia/117334.vnp
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EU’s FTA with Vietnam to boost growth and job creation in retail sector

Related Keywords: boost European growth and job creation, development of Vietnam, EU FTA with Vietname, EU retail sector, fast moving consumer goods after China, growing interest for investment, retail sector, retail stores in Vietnam, second largest source, Vietnam

USA
EU’s FTA with Vietnam to boost growth and job creation  in retail sector
Summary: 
Vietnam is EU retail sector’s second largest source of fast-moving consumer goods after China. With EU’s FTA with Vietname expected to boost European growth and job creation in the retail sector as well as development of Vietnam.

Vietnam is EU retail sector’s second largest source of fast-moving consumer goods after China. With EU’s FTA with Vietname expected to boost European growth and job creation in the retail sector as well as development of Vietnam.

There is also a growing interest for investment in retail stores in Vietnam. The scale of the potential gain for the sector is enormous. For EU retail, FTA with Vietnam is more important than the agreements with the US, Canada and Japan combined.

http://www.fashionatingworld.com/new1-2/item/6944-fta-with-vietnam-more-attractive-for-eu-retailers.html
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Vietnam to import 12 mln tons of cotton, a 19 pct yoy this year

Related Keywords: domestic output is insignificant, from textile industry, from the previous year, increase of about nineteen percent, meet rising demand, second biggest cash earner, the worlds fifth largest garment exporter, Vietnam, Vietnam Cotton and Spinning Association, will import 1.2 million tonnes of cotton this year

Hanoi
Vietnam to import 12 mln tons of cotton, a 19 pct yoy this year
Summary: 
Vietnam, the world's fifth largest garment exporter, will import 1.2 million tonnes of cotton this year, which represents an increase of about 19 percent from the previous year 2015, an industry official said on Wednesday.

Vietnam, the world's fifth largest garment exporter, will import 1.2 million tonnes of cotton this year, which represents an increase of about 19 percent from the previous year 2015, an industry official said on Wednesday.

Vice Chairman Nguyen Son of the Vietnam Cotton and Spinning Association said that most of the imported cotton will come from the United States, which has been Vietnam's top supplier of the raw material, followed by India, Brazil and Australia.

The move is aimed to meet rising demand from its textile industry while domestic output is insignificant.

http://tuoitrenews.vn/business/35743/vietnam-s-2016-cotton-imports-seen-up-19-pct-y-y-to-12-mln-t
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Sri Lanka’s apparel export sector likely to face challenge of TPP

Related Keywords: apparel export industry, blow to South Asian nation, Brandix, expected to experience downfall, fast-changing global trade environment, found design to deliver supply chain, GSP Plus status, Joint Apparel Association Forum, Sri Lankan garment exporters, Sri Lankan textile exports, US led TPP trade pack, Vietnam

Colombo
Sri Lanka’s apparel export sector likely to face challenge of TPP
Summary: 
Sri Lankan textile exports are expected to experience a downfall because of the U.S. led Trans Pacific Partnership (TPP) trade pact. Competition from TPP signatories such as Vietnam could deal a blow to the South Asian nation's apparel export industry, which currently employs half a million Sri Lankans and provides 44 percent of all manufactured goods exported by the country.

Sri Lankan textile exports are expected to experience a downfall because of the U.S. led Trans Pacific Partnership (TPP) trade pact. Competition from TPP signatories such as Vietnam could deal a blow to the South Asian nation's apparel export industry, which currently employs half a million Sri Lankans and provides 44 percent of all manufactured goods exported by the country.

http://www.cnbc.com/2016/04/27/tpp-trade-deal-to-challenge-sri-lankas-apparel-export-sector.html
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China to see rag trade slipping through its fingers

Related Keywords: Bangladesh, China stands as the world leader USD one hundred seventy billion, competitors in Asia, garment making industry, not much capital input required, resisted automation, Sri Lanka and Cambodia growing, stagnant demand in world market, trend since early last year down, unit prices are down, Vietnam, worthe of garment exports

Beijing
China to see rag trade slipping through its fingers
Summary: 
China though stands as the world leader with US$170 billion worth of garment exports a year but the trend since early last year has clearly been down, in part because of stagnant demand in world markets and, to some extent, because unit prices are down.

China though stands as the world leader with US$170 billion worth of garment exports a year but the trend since early last year has clearly been down, in part because of stagnant demand in world markets and, to some extent, because unit prices are down.

The dilemma for all developing economies that rely heavily on the rag trade is now facing China as new competitors emerge underneath it.

http://www.scmp.com/business/global-economy/article/1903487/why-textile-trade-slipping-through-chinas-fingers
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Vietnam establishes proactive role in setting up new global trade rules taking part in TPP

Related Keywords: Akira Amari, establishes proactive role, gain access to US market, Japanese Minister of State for Economic and Fiscal Policy, Japanese Ministry of Foreign Affairs conference, opportunities for textile and garment industry, setting up new global standards and rules, Southeast Asian nation, taking part in the TPP, Vietnam, Vietnam active engagement

Japan
Vietnam establishes proactive role in setting up new global trade rules taking p
Summary: 
Vietnam, the Southeast Asian nation by taking part in the TPP has established a proactive role in joining other countries in setting up new global standards and rules, said Japanese Minister of State for Economic and Fiscal Policy Akira Amari during a press conference at the Japanese Ministry of Foreign Affairs.

Vietnam, the Southeast Asian nation by taking part in the TPP has established a proactive role in joining other countries in setting up new global standards and rules, said Japanese Minister of State for Economic and Fiscal Policy Akira Amari during a press conference at the Japanese Ministry of Foreign Affairs.

http://english.vietnamnet.vn/fms/business/148251/vietnam-chooses-to-be-co-founder-of-new-global-trade-rules.html
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Vietnam need to be cautious over licensing FDI textile, dyeing projects

Related Keywords: capability of providing accommodations to workers, Chinese, Foreign direct investment, import of outdated energy consuming technologies, Minister of Science and Technology, pour huge capital, satisfy occupancy rate in industrial zones, technological and environmental standards, textile and garment projects, TPP, Vietnam

Saigon
Vietnam need to be cautious over licensing FDI textile, dyeing projects
Summary: 
As per the Foreign Investment Agency report, so far this year out of the $11 billion worth of foreign direct investment (FDI) poured into Vietnam; $3.5 billion went to textile and garment projects due to the Trans Pacific Partnership Agreement (TPP). The investments in the textile and garment industry have been increasing so sharply that this has raised concern.

As per the Foreign Investment Agency report, so far this year out of the $11 billion worth of foreign direct investment (FDI) poured into Vietnam; $3.5 billion went to textile and garment projects due to the Trans Pacific Partnership Agreement (TPP). The investments in the textile and garment industry have been increasing so sharply that this has raised concern.

http://english.vietnamnet.vn/fms/environment/146328/licensed-textile--dyeing-projects-raise-major-concerns.html
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