The Hanoitimes – Despite many difficulties in the first few months of 2017, but by the year end, export value of the Vietnam’s textile & garment industry has reached record high, which is expected to continue its growing trend as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will soon come into force. Under the negative impact of the US’s decision in withdrawing from the Trans – Pacific Partnership (TPP), main export products of Vietnam, including textile & apparel products had been under pressure to achieve targets for trade value. However, by the end of 2017, total export value of Vietnam reached US$ 31 billion, up 10% compared to last year’s figure. In which, garment export up to US$ 25.9 billion, an increase of 8.7% year by year; textile export reached US$ 3.5 billion, up 19.9% compared to 2016. These are impressive achievement amidst the unstable surroundings created by the global’s tendency toward protectionism and anti-globalization movement. According to the Chairman of Vietnam Textile & Apparel Association (VITAS) Vu Duc Giang, textile’s export value has been on high level recenty, which is expected to continue growing with many large textile – garment projects going into operation. In the import side, materials imported to Vietnam in 2017 reached US$ 18.9 billion, for input matetials serving the purpose of producing exporting goods, its import value for textile production in Vietnam reached US$ 15.48 billion, resulting trade surplus of the garment industry to US$ 15.5 billion. VITAS stressed the success of Vietnam’s… [Read full story]
Vietnam’s textile and garment industry will reorganize distribution system Gaining consumer trust After four years of implementation of the Buy Vietnamese Goods campaign, garment and textile enterprises have achieved many positive results. The garment and textile industry has produced almost all commodities, contributing to maintaining export market and developing domestic market. Vietnam’s garment and textile brands have been enhanced and gained consumer trust, bringing a new face to the market and increasing revenues for enterprises. To achieve remarkable results, domestic enterprises have continuously invested in production and focused on renewing designs, developing brand and expanding distribution system. The campaign on…... [read more]
illustration photo source SGT This remark was made by Nguyen Van Tuan, vice chairman of the Vietnam Cotton and Spinning Association (VCOSA), on June 25-26 at the Vietnam Textile Summit 2015 held by VCOSA and the China Chamber of Commerce for Import and Export of Textiles.At the summit numerous problems and issues were discussed, including the Vietnamese textile and garment industry’s development opportunities. Vietnam is considered a rising star in the global supply chain of textiles and garments.The global textile and garment industry is growing fast. World industrial sales will see significant increases from $617 billion in 2011, to $800…... [read more]
A historical round of bilateral talks on Vietnam’s accession to the World Trade Organisation (WTO) with the US ended in a success. However, Vietnam had to make a concession. Accordingly, Vietnam will have to remove its Decision N0 55 on accelerating the local textile and garment industry. According to economic experts, the talks on Vietnam’s textiles and garments ended more successfully than it had been predicted. However, the question is how the removal of the Decision 55 will affect the Vietnamese textile and garment acceleration programme and the whole industry. The American side accused that the Vietnamese Government of involvement…... [read more]
Restructuring the textile and garment industry involves drawing up a new development strategy, using new technologies, and closing fiber and textile factories that use outdated technologies.The Nam Dinh Textile & Garment JSC has undergone ‘major surgery’. The number of workers has been cut from 18,000 to 4,000. However, the remaining workers’ output equals that of 18,000 workers in the past.The textile & garment industry has been improving satisfy the requirements of global value chains. The productivity has improved thanks to renovation of machines and equipment and the removal of factories with outdated technologies.However, many things still need to be done.…... [read more]
Restructuring the textile and garment industry involves drawing up a new development strategy, using new technologies, and closing fiber and textile factories that use outdated technologies.The Nam Dinh Textile & Garment JSC has undergone ‘major surgery’. The number of workers has been cut from 18,000 to 4,000. However, the remaining workers’ output equals that of 18,000 workers in the past.The textile & garment industry has been improving satisfy the requirements of global value chains. The productivity has improved thanks to renovation of machines and equipment and the removal of factories with outdated technologies.However, many things still need to be done.…... [read more]
