VINATEX FORECASTS 10% TEXTILE EXPORT GROWTH
The Vietnam National Textile and Garment Group (Vinatex) has projected this year’s textile and garment exports would grow 10%, or by US$3 billion, against 2016.
APPAREL EXPORT TO EU MUST MEET RULES OF ORIGIN
To provide information about the rules of origin in the EU-Vietnam Free Trade Agreement (EVFTA), the mechanism of origin self-certification, as well as experience of other countries around the world for Vietnamese garment and textile enterprises, the Vietnam Textile and Apparel Association (Vitas) recently cooperated with the European Trade Policy and Investment Support Project (EU-MUTRAP) to hold a workshop on “ Vietnam Textile and Garment Conference on Rules of Origin in the EVFTA Agreement.”
GARMENT EXPORTS GROW DESPITE HURDLES
The domestic garment industry has faced many challenges in exporting to key markets, such as the European Union (EU) and the United States, but it still has a chance of achieving its export target this year, according to experts.
VIETNAM SHOE AND GARMENT EXPORTS SEE DRASTIC SLOWDOWN IN 2016
[28-12-2016] Vietnam’s export of garment and shoes seems poised to record significantly lower growth this year. The numbers for the whole year of 2016 are not available yet, but according to the General Department of Vietnam Customs, the total export of garment and textile products was $22.58 billion in the year to December 15, up 4.8 per cent on-year. This is the lowest growth in 10 years.
VN TEXTILE FIRMS NEED TO UP TIES
[27-12-2016] Domestic textile enterprises and logistics service providers should work together to reduce costs and improve their competitiveness, according to experts. Nguyễn Tường, Vice Chairman of the Việt Nam Logistics Association, said the textile industry needs to import raw materials from abroad and export products to foreign markets.
VN FIRMS INVEST IN TEXTILE, DYEING
[06-12-2016] Many textile and garment enterprises are investing in textile and dyeing complexes to ensure material for sustainable development, Vietnam Television (VTV)reported recently. To avail themselves of business opportunities from the Trans-Pacific Partnership (TPP) agreement, many textile and garment firms have over the past two years started building textile and dyeing complexes.
PUBLIC-PRIVATE APPAREL FIRMS INK DEAL
[29-10-2016] Representatives from public private partnerships (PPP) in apparel and footwear yesterday signed a co-operation agreement for the two sectors’ sustainable development in Việt Nam. The co-operation, which is the first of its kind in Việt Nam, marks a new step in promoting the sustainable development of the apparel and footwear sectors in terms of economy, society and environment.
FOREIGN INVESTMENT IN TEXTILE & GARMENT SECTOR FALLS
[02-10-2016] Unlike two years ago, when Vietnam witnessed a wave of foreign direct investment (FDI) in textile & garment projects, the capital flow into the sector has slowed down. A series of huge projects with investment capital of billions of dollars were registered in 2014 and 2015.
