TEXTILE AND GARMENT SECTOR STANDS TO BENEFIT FROM EVFTA
The EU-Vietnam Free Trade Agreement will offer direct opportunities to Vietnam to upgrade its textile and garment sector. EU-MUTRAP team leader Claudio Dordi said that thanks to the EU-Vietnam Free Trade Agreement (EVFTA) expected to be signed next year, there will be ample opportunities to upgrade the value chain for the textile and garment sector as the EVFTA will provide tariff preferences to Vietnamese exporters to the EU.
TEXTILE, GARMENT EXPO TO BE HELD IN HCMC
The 17th edition of Viet Nam International Textile & Garment Industry Exhibition and Viet Nam International Textile & Apparel Accessories Exhibition, or VTG 2017 will be held in HCMC from November 22 - 25 with the participation of 400 exhibitors from 14 countries and territories.
GARMENT & TEXTILE INDUSTRY FACES A SLEW OF HARDSHIPS
TPP recession, rising costs, and rampant fabric smuggling are challenging the Vietnamese garment and textile industry, especially when the world is rushing with the Fourth Industrial Revolution.
GARMENT MANUFACTURERS FEEL PRESSURE FROM FOREIGN FASHION BRANDS
While Vietnamese garment companies think the domestic market is too small, foreign investors consider Vietnam the "new land" to exploit, with the garment market worth US$4.5 billion.
GARMENT SECTOR EXPORT GROWTH STILL UNSUSTAINABLE
Việt Nam’s garment and textile revenue increased for the first half of this year but experts said the growth has not yet become sustainable.
TEXTILE SECTOR HEADS TO GAIN US$31.3 BILLION FROM EXPORTING
The Government and the PM will continue assisting businesses to expand market and facilitate production and manufacturing, said Governor, Chairman of the Government Office Mai Tien Dung on June 20 at a meeting with the Viet Nam Textile and Apparel Association (VITAS).
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.”
