Vietnam, Taiwan (China) Upgrading Industrial Cooperation

Taiwan textile suppliers seek to further penetrate Vietnam By Quoc Hung - The Saigon Times Daily HCMC - Eleven Taiwanese textile materials producers on Wednesday met with local garment companies in HCMC in a bid to boost sales of premium textile and fabric products to Vietnam, which is already a major consumer of Taiwan's apparel products. Around 100 local garment enterprises, including Taiwanese-invested enterprises, joined the business meetings with the textile materials suppliers to secure better supplies, especially in the premium fabric sector. The textile materials companies were introduced as excellent suppliers of premium textiles in terms of technical functions, eco-friendliness and trendy fashion, ranging from yarns to fabrics and accessories, said Ruey Guang Tzou, director of the Taiwan Textile Federation's Industry & Information Department. He said that Taiwan enterprises were interested in the textile and garment market of Vietnam and would seek to boost supply of raw materials for the industry. Le Quoc An, chairman of Vitas, appreciated the show and business matching, saying that Taiwanese products exhibited at the two-day event would help partly meet demands of local partners in manufacturing high-quality products for markets like the U.S. and the EU. To compete with garment and textile products from China and Bangladesh, Vietnamese companies should turn out high-quality products as low and cheap ones cannot compete with these two countries, he added. An added that Vietnam's garment sector still had to rely heavily on imports of materials, with key suppliers including China, South Korea and Taiwan. Taiwan companies…... [read more]

Apparel center closed down due to absence of traders By Van Nam and Quoc Hung - The Saigon Times Daily HCMC - The sprawling footwear-apparel material trading center in southern Binh Duong Province has been closed down by owner Lien Anh Company only a fortnight after its opening in mid-May due to the absence of traders, a senior executive said. Truong Thi Thuy Lien, deputy director of the company, told the Daily on Thursday trading at the center covering 8.5 hectares in the first phase was lackluster and disappointing despite numerous incentives offered by the company. Lackluster business Lien Anh Footwear-Apparel Material Center was opened on May 18 and can accommodate up to 650 stalls plus a bonded warehouse of 20,000 square meters, but only 50 stalls had been leased by 10 companies to introduce and sell their products, she said. The center has a wholesale market covering 11,000 square meters, a 4,500 square meter section of offices and showrooms and a bonded warehouse able to store up to 20,000 tons of goods. Supporting services are available there as well, including banking and customs outlets. Besides, the center's location is a strong advantage as it is in close proximity with industrial parks, which are home to some 900 companies in the footwear and apparel industries. Lien complained that the center attracted only a few customers who came to gauge business chances there. It failed to woo any new garment or textile producers to display their products at the center though…... [read more]

The Hanoitimes - The Vietnam Textile and Garment Group (Vinatex) will send a delegation to Taiwan next month to draw investment to the new Bao Minh Industrial Zone in Nam Dinh. The delegation will work with around 50 businesses from the Taiwan Association of Computational Mechanics, the Taiwan Textile Federation and other makers of farm processing products and consumer goods. The delegation expects to sign three contracts worth US$2-3 million each with Taiwanese counterparts. BTA... [read more]

HCM CITY — The Orient Commercial Joint Stock Bank yesterday unveiled internet banking services at all of its 80 branches and transaction offices. Customers can make payments and money transfers and also obtain information about their accounts online by accessing # Sabeco launches second brewery NGHE AN — Sai Gon Beer Company (Sabeco) has opened the Sai Gon-Song Lam Beer mill in the central city of Vinh, following a year of construction. The mill, Sabeco's second plant, has an investment capital in the first phase of VND1 trillion (US$46.5 million). Logistics services open Vung Tau office HA NOI — Global logistics provider Agility has opened a new branch office in Vung Tau and relocated its Ha Noi office to a new, larger facility. The company's main focus is logistics support for the oil and gas industry via trade lane management, customs clearance charters, material management, export compliance analysis, rig management and other related supply chain management solutions. The HCM City office would remain the headquarters for Agility's operations in Viet Nam, Cambodia and Laos and continue to offer a wide range of logistics services, said regional managing director Michel Khaou. Israel, Viet Nam boost co-operation HA NOI — An Israeli agricultural technology delegation will hold official talks with the Ministry of Agriculture and Rural Development on hi-tech agriculture and opportunities for co-operation today in Ha Noi, as part of a two-day visit that started yesterday. The delegation will also meet with the Investment and Trade Promotion Centre of HCM City…... [read more]

Textile group Vinatex will send a delegation to Taiwan to offer investment chances in its new industrial zone, said Vinatex Investment Joint Stock Company general director Vuong Tran Lam. Lam said the delegation will meet with more than 50 enterprises from Taiwan Association of Computational Mechanics, Taiwan Textile Federation and other manufacturers of agricultural products and consumer goods, to persuade them to invest in Bao Minh industrial zone in the northern province of Nam Dinh, The delegation also expects to sign three contracts valued at around $2-$3 million each with several Taiwanese counterparts. Earlier, the company worked with Taiwan's two leading textiles companies on an agreement to rent 60 hectares in the Bao Minh industrial zone. In addition, Vinatex Investment will hold investment promotion conferences in the Republic of Korea and Japan . The Bao Minh Industrial zone, covering 165.3 ha of land in three communes of Lien Minh, Lien Bao and Kim Thai in Vu Bao district, is built with an investment of VND264 billion. It targets investors involving in the production of garment and textile as well as high technique and environmentally friendly products. Source VIR/VNA... [read more]

The 10th Vietnam Int'l Textile and Garments Industry Exhibition (VTG 2010) will return to Ho Chi Minh City from October 27-30, 2010 at Saigon Exhibition & Convention Center (SECC) with a stronger and larger scale show for consecutive 10 years. VTG 2010 is expected to attract more than 16,000domestic and overseas visitors. The exhibition will host about 230exhibiting companies which will cover approx. 9,000 sqmof the SECC exhibition ground.domestic and overseas visitors. The exhibition will host about exhibiting companies which will cover approx. of the SECC exhibition ground. A Fashion show with more sponsors will be held at this year's exhibition as a catalyst for more business deals and exposure for the exhibitors' brand names. Fashion brands like CK, Diesel and Levi's will present the latest fashion on the runway with 2 performances in the first 3 show days. Suppliers of textiles and garments manufacturers are upbeat about the current business prospects and will be joining in large numbers. Country/region pavilions from China, Indonesia and Taiwan will amaze you at the first glance. International leading brands from Australia, Belgium, China, France, German, Holland, India, Indonesia, Israel, Italy, Japan, Switzerland, Taiwan, Turkey and U.S.A will be taking parts in the exhibition, with major industry companies such asBrother, Calmat, Chee Shiang, CTMTC, Da Kong, Flying Tiger, HASHIMA, HIKARI, Kornit, Kauo Heng, Luwa, M&R, MHM, MITSUYIN, Naomoto, ORGAN, PEGASUS, PICANOL, Respa, Rutland, Schenk, SiRUBA, SMART MRT, SwissTex, TWIN STAR, TYPICAL, VIET TIEN TUNG SHINGand others who will be showcasing their brand-new products and…... [read more]

New fashion designs for 2008 and handicrafts created by two Vietnamese designers, Ngo Thai Uyen and Uyen My, have won accolades in Taipei at the Style 2008 fashion fair held in the Taiwan Exhibition Center, Taiwan (China) from July 10th-14th. Ngo Thai Uyen and Uyen My are designers from NTU Design. They were invited by the Taiwan Textile Federation to join the over 200-pavillion fair along with other designers from big fashion trademarks from Asia and the world. Ngo Thai Uyen and Uyen My won third place in the International Design Awards in 2007, given to professional designers by the International Apparel Foundation. As Ngo Thai Uyen said, the presence of NTU Design's products in such a fair was a good chance to seek co-operation and development of Vietnam's fashion trademarks in Asia. In mid August, Ngo Thai Uyen will participate in a fashion design fair and seminar on creative industry development in Bangdung, Indonesia. Source: thanhnien Translated by Mai Huong... [read more]

Taiwan will assist Vietnam in developing its fashion industry under a textile and garment deal they signed Thursday. The agreement, signed by the Vietnam Textile and Garment Association (VITAS) and the Taiwan Textile Federation, would help the textile industries of both sides progress, VITAS President Le Quoc An said. The Taiwanese side said Vietnam, with its fabric and fibre exports, had become a major partner in the past five years. Taiwan leads in investment in the Vietnamese textile and garment industry. The industry has become the second highest export earner for Vietnam, achieving high growth rates in recent years. On the occasion of the signing, the Viet Tien Garment Company coordinated with the Taiwan Centre of Design to organize a seminar on world fashion trends for 2006-2007 and unveil its Orient Identities collection. Source: VNA.... [read more]

2016 marks another successful year of strengthening the thriving economic tie between Vietnam and Taiwan. Back in the mid-1970s to the late 1980s, Taiwan and Vietnam were connected by the thinnest threads. The early 1990s, however, saw an increasing interest on both sides to improve economic relations and starting an enduring, friendly, and cooperative coexistence. In almost three decades, the Vietnamese–Taiwanese trade and economic cooperation has been constantly developing, featuring a 27-fold increase in bilateral trade revenue and a 28-fold increase of Taiwanese investment capital in Vietnam. Currently, Taiwan ranks as Vietnam’s fifth largest trade partner. Bilateral trade has grown strongly in recent years, reaching $13 billion last year. Vietnam is the most important destination for Taiwanese investment in Southeast Asia. For the first seven months of this year, Taiwan ranked fourth among the 50 countries and territories running investments in Vietnam. According to the Foreign Investment Agency under the Ministry of Planning and Investment, Taiwanese companies licenced 39 new and adjusted the capital of 25 existing projects, worth over $664 million in total, between January and July 2016. In terms of tourism, Taiwanese and Vietnamese holiday-goers consider the two destinations increasingly attractive. 150,000 Vietnamese tourists visited Taiwan last year and 300,000 Taiwanese visitors arrived to Vietnam only in the first seven months of this year. Especially since September 1 this year, when the Taiwanese Ministry of Foreign Affairs loosened visa procedures for six ASEAN countries including Vietnam. This move is expected to boost the tourism co-operation between Vietnam and…... [read more]

Taiwan eyes Vietnam tourists By Mong Binh - The Saigon Times Daily HCMC - TransViet Travel, a member of TransViet Group, has partnered with GlobalStar Travel Management, a worldwide network consisting of more than 75 market leading enterprises around the world and representing over US$13 billion in sales. Doan Van Truong, sales manager of TransViet Travel, said his company had become the only entity in Vietnam to join the worldwide travel management company, and that this would enable the local firm to handle more inbound guests and those corporate customers of the network in Vietnam. TransViet Travel now is able to use the GlobalStar brand to attract clients and win more guests via introductions and proposals by the global company, which can create solutions to fit individual needs and delivers quality services in a multinational environment, Truong told the Daily on the phone on Monday. Truong said the name of TransViet had been widely recognized at home and overseas through United Airlines and other some 10 foreign airlines that have chosen the local business as their general sales agent in Vietnam. TransViet Travel has emerged as a leader in business travel in Vietnam after over 15 years of existence on the domestic market. TransViet Travel said in a statement that joining GlobalStar Travel Management would bring the company more opportunities to expand its corporate client base and strengthen the position of a Vietnamese company in the global front. Mark van Iersel, director of marketing and partner recruitment at GlobalStar, said…... [read more]

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