Want to be in the loop?
subscribe to
our notification
Business News
TEXTILE EXHIBITION ATTRACTS 125 FIRMS
The four-day event is expected to be especially important this year in the context of Viet Nam signing off on the Trans Pacific Partnership (TPP) and free trade agreements with Korea and the Customs Union of Russia, Belarus and Kazakhstan and the December inauguration of the ASEAN Economic Community.
Nguyen Hong Giang, general secretary of the Viet Nam Cotton and Spinning Association, said when all the agreements take effect, Viet Nam's garment exports to the US, EU, Japan, and Korea would enjoy preferential tariffs, which would give it a considerable edge over other exporting countries.
Viet Nam needs 8.5 billion metres of fabric annually to produce garments but produces less than 3 billion metres, and has to increase its fabric production immediately, he said.
He expected the exhibition to help producers find machinery and technologies for the purpose.
The exhibition organisers, Vinexad and Chan Chao International of Taiwan, will hold a seminar today and tomorrow to discuss Viet Nam's investment environment; solutions to improve productivity, efficiency and quality in the textile and garment industry; FTAs and their impacts on the industry's development; and why Viet Nam can become a hub in the global textile and garment supply chain.
The exhibition is being held at the Tan Binh Exhibition and Convention Centre, Hoang Van Thu Street, Tan Binh District.
Source: VNS
Related News
DIGITAL TRANSFORMATION IN LOGISTICS – A KEY TO UNLOCKING SUSTAINABLE E-COMMERCE AND ECONOMIC DEVELOPMENT
Accelerating digital transformation in logistics is critical in order to promote the sustainable development of e-commerce, a conference on applying technology held by the Ministry of Industry and Trade heard on Thursday, as well as accelerating overall economic growth.
SOILBUILD EXTENDS ITS HORIZONS INTO VIETNAM INDUSTRIAL REAL ESTATE
Soilbuild Group, an integrated real estate group, has broadened its investment in industrial real estate to Vietnam through its Soilbuild International division. The official launch of Soilbuild International (Vietnam) took place in Hanoi on May 9th, 2024, and was attended by esteemed guests, including domestic and international partners.
SEMINAR: BUSINESS SPOTLIGHT - THE HONG KONG-INSPIRED PRESENCE NESTLED IN THE HEART OF HANOI'S EAST
16h00 - 18h00, Wednesday (May 22nd, 2024)Almaz Convention Center - Hanoi (GG map: https://maps.app.goo.gl/YtWyGgkiTwWvFnfX6)
VIETNAM SECURES REMARKABLE ECONOMIC SUCCESSES SINCE NATIONAL REUNIFICATION
Since the national reunification on April 30, 1975, Vietnam has obtained admirable economic achievements and is now on its way to become the 20th largest economy in the world. Back to 1975, Vietnam, torn by two major wars, was a backward economy dependent on agriculture and foreign assistance. Foreign loans and aid accounted for over 63 percent of its budget.
350 EXHIBITORS TO TAKE PART IN HCM CITY PAPER, COATINGS, RUBBER, PLASTIC EXPOS
They will have a total display area of 10,000sq.m, 30 per cent more than last year, and the participation of over 350 local and international exhibitors who will showcase thousands of products and technologies.
INT’L INVESTORS EYE VIETNAM’S DATA CENTER MARKET – REPORT
Vietnam’s data center market is increasingly attractive to foreign investors, driven by the country’s expanding digital economy, rising data consumption, and supportive government policies, said a new report by JLL. While Vietnam’s data center sector has traditionally been dominated by local telecommunications companies, global players are now entering the market.