List of billion – dollar-markets for Vietnam’s textile and garment industry

VietNamNet Bridge – Vietnam’s textile and garment industry has attracted the majority of the biggest foreign direct investment projects as investors want to build factories in Vietnam to capitalize on opportunities from the Trans-Pacific Partnership (TPP). Japanese garment-textile companies began expanding their production in Vietnam after the Trans-Pacific Partnership (TPP) was approved. According to Nikkei Asian Review, Vietnam’s competitive advantage has been strengthened to become the world’s export center, attracting foreign investment flows, including those from Japan. Many manufacturers hope to have stronger motivation after the TPP, of which Vietnam is a member. Experts said that the TPP will help…... [read more]

Shortage of labour, scarce premises, high cost, and high environmental protection standards have always been challenges for textile and garment businesses in big cities. However, relocation or new construction of textile and garment factories in other localities in the accordance to the planning to 2020 proposed by the Vietnam Textile and Garment Group has faced greater challenges. It is likely that the textile and garment industry will face continued difficulties. Unequal distribution Mr Le Tien Truong, Permanent Deputy General Director of Vietnam Textile and Garment Group (Vinatex) said: Looking at the current situation of the textile and garment industry, it…... [read more]

NDO—A seminar was held in Hanoi on November 1 to discuss measures to “increase the capacity of Vietnam’s textile and garment industry within the ASEAN supply chain with an eye to sustainable development.”The event was held on the sidelines of the meeting of the ASEAN Federation of Textile Industries (AFTEX) taking place from October 30 to November 2.At the seminar, Chairman of Vietnam Textile and Apparel Association (Vinatas) Vu Duc Giang emphasised that Vietnam now had a strategic position in ASEAN and that Vietnam’s textile industry was expected to top the region in the near future.Vietnam’s textile and garment industry…... [read more]

He warned that it's also a challenge for Vietnamese textile and garment businesses when the industry still faces a big deficiency in materials including cotton and cloth as well as technology. "The industry uses 820,000 tonnes materials every year, which include 420,000 tonnes of cotton and 400,000 tonnes of fiber. However, we had to import 415,000 tonnes of cotton, 99 per cent of the total demand of the industry's production last year," Tuan said. "A figure last year showed the garment industry used 6.8 billion metres of cloth, of which 88 per cent was imported. Domestic cloth production only supplied…... [read more]

At the expo (Credit: VGP)This year’s event features the participation of 171 companies from thirteen countries and territories around the world, including China, Germany, Indonesia, Japan, the Republic of Korea and Hong Kong (China). Covering an area of 6,000 square meters, HANOITEX 2016 introduced equipment and materials for the textile and garment industry, such as equipment for spinning, weaving and dyeing, automated sewing lien, fabrics, yarn, design software and technological solutions. Addressing the opening ceremony, Deputy Minister of Industry and Trade Cao Quoc Hung said that the expo would offer an opportunity for Vietnamese textile and garment enterprises to access…... [read more]

The Vietnam Saigon Textile and Garment Industry / Fabric and Garment Accessories Expo 2017 (Saigon Tex 2017) opened in HCM City on April 5, showcasing a wide range of latest machinery and equipment and feedstock for the textile and garment industry.The 35,000sq.m expo has attracted nearly 1,200 exhibitors from 23 countries and territories, including Belgium, Canada, China, the Czech Republic, France, Germany, Hong Kong, India, Indonesia, Italy, Japan, Korea, Malaysia, the Netherlands, Singapore, Spain, Sweden, Switzerland, Taiwan, Thailand, Turkey, the UK, the US, and Viet Nam.It will feature several seminars -- on increasing the value of Vietnamese textile and garment…... [read more]

“A garment company wanted to import a printer to make products for export and it took the company’s owner six months to obtain the import license,” he said, citing an example to show how current policies cause difficulties for enterprises.“This was because the Decree 60 stipulated that business owners must have junior college’s degree to be able to import printers,” he said on Thoi Bao Kinh Te Saigon.A business in Nam Dinh province, which employs 2,000 workers, said it has to pay VND40-50 billion additionally every month because of the required higher minimum wage and trade union fee.“The State’s policies…... [read more]

  Clothes are made for export at Thanh Cong Garment Co in HCM City. The garment industry has generated just $13.78 billion from exports so far this year. — VNA/VNS Photo Van Khanh HA NOI (VNS)— Concerns have been raised over whether the garment and textiles industry would meet its annual export target of US$17 billion this year due to global economic hardships, according to the Viet Nam Garment and Apparel Association (Vitas). Vitas vice chairman Pham Xuan Hong said that with an export turnover of $1.3 billion in November, down 3.4 per cent over the previous month, the industry…... [read more]

The Vietnam Saigon Textile and Garment Industry/Fabric and Garment Accessories Expo (Saigon Tex 2017) that will showcase high-end machinery and equipment and feedstock for the textile and garment industry will be held in HCM City next month.The 35,000sq.m expo is expected to attract nearly 1,200 exhibitors from 23 countries and territories, including Belgium, Canada, China, the Czech Republic, France, Germany, Hong Kong, India, Indonesia, Italy, Japan, Korea, Malaysia, the Netherlands, Singapore, Spain, Sweden, Switzerland, Taiwan, Thailand, Turkey, the UK, the US and Viet Nam.It will also feature several seminars, including on increasing value for Vietnamese textile and garment products, challenges-investment…... [read more]

Illustrative image (Source: VNA)Hanoi (VNA) – The 2017 Hanoi Textile andGarment Industry Expo (HANOITEX 2017) opened at the International Centre forExhibition on Tran Hung Dao street, Hanoi on November 1.The annual event draws over 150 companies from 15countries and territories, including China, Germany, India, Indonesia, Italy,the Republic of Korea, Malaysia, Pakistan, Singapore, Turkey, the UK, the US,and Vietnam. The three-day event is showcasing textile-garmentmachinery and equipment, high-quality silk and fabrics, dyeing equipment andchemicals, materials and accessories across an area of 6,000sq.m.Addressing the opening ceremony, Deputy Minister ofIndustry and Trade Cao Quoc Hung said the expo provides an opportunity forVietnamese textile-garment…... [read more]




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