Chinese firm sets up textile-garment chain in Vietnam

2017/12 15 03:12

Worldon Vietnam Co. Ltd under the Chinese Shenzhou Group is likely to expand investment in Vietnam as it has established a garment-textile production chain there. The knitwear-manufacturing company operationalised the chain’s last project worth $310 million at Dong Nam (Socuth East) industrial park in Cu Chi district, Ho Chi Minh City, last week. This is […]

VITAS expects Vietnam’s 2017 garment exports to be $31 bn

2017/12 07 15:12

The Vietnam Textile & Apparel Association (VITAS) expects the sector will generate $31 billion in exports in 2017, a year-on-year rise of 10.23 per cent. The sector has done well in a challenging year as the Trans-Pacific Partnership was cut short, and renamed Comprehensive and Progressive Trans-Pacific Partnership, VITAS vice chairman Truong Van Cam said. […]

Italy-Vietnam Textile Technology Centre opens at HCM City

2017/12 04 15:12

The Italy-Vietnam Textile Technology Centre opened recently at the Ho Chi Minh City University of Technology to support training and research in textile technology. It is funded by the Italian Trade Agency and supported by the Association of Italian Textile Machinery Manufacturers and the International Polytechnic for Industrial and Economic Development. The centre, aimed at […]

Vietnam on course to meet textile, garment export target

2017/11 30 07:11

While another $8 billion worth of exports is needed before the yearend to fulfil Vietnamese Government’s 2017 export target of $31 billion in textiles and garments, the average export growth rate in August and September indicates the target is achievable, according to Le Tien Truong, general director of Vietnam National Textile and Garment Group (Vinatex). […]

Taiwanese firms look for investment in Vietnam’s Binh Duong

2017/11 28 08:11

Taiwanese firms are eyeing investment opportunities in the Binh Duong province of Vietnam, according to Guo You Ting, head of the Association of Taiwanese Enterprises, who recently met the province’s People’s Committee and praised the improved local investment climate. Taiwan is the province’s biggest investor, with 772 projects worth more than $5.5 billion. Construction of […]

Vietnamese footwear exporters need to prepare for EV-FTA

2017/11 25 08:11

Vietnamese leather and footwear exporters must comply with the European Union (EU)-Vietnam free trade agreement’s (EV-FTA) rules of origin and be prepared to deal with EU barriers and anti-dumping measures when it takes effect in 2019, exporters were told at a recent seminar in Ho Chi Minh City. The meeting, organised by the Ministry of […]

Chinese e-commerce firm JD.com invests $44 mn in Tiki.vn

2017/11 25 08:11

Chinese e-commerce firm JD.com has invested $44 million in Tiki.vn, a Vietnamese e-commerce company founded in 2010, to serve the latter’s expansion plans, which includes training human resources, optimising transport to and from its warehouses and to conduct a study on promoting the Tikinow service, which is the company’s fastest click-to-delivery service. The investment will […]

HCM city to host VTG expo from November 22

2017/11 20 17:11

Courtesy: VTG The Vietnam International Textile and Apparel Accessories Exhibition, also known as Vietnam Textile and Garment (VTG) exhibition, will be held in Ho Chi Minh City of Vietnam from November 22-25. It is one of the leading textile and garment expo in Vietnam. The exhibition will feature latest solutions, technology and equipment meant for […]

Vietnamese garment sector to face fierce competition

2017/11 16 04:11

With an undeveloped supply chain and relatively lower value-addition, the Vietnamese garment sector is poised to face stiffer competition in the world market from China, Myanmar and Cambodia, experts told a recent seminar in Ho Chi Minh City. The value addition is not high as domestic businesses mainly handle work outsourced by foreign firms. Domestic […]

Vietnamese textile, garment exports may exceed $30 bn

2017/10 31 08:10

Vietnam’s textile and garment exports turnover in 2017 may exceed the target of $30 billion, according to the Vietnam Textile & Apparel Association (VITAS), which says $2 billion worth investment has poured into this sector this year to date. The turnover was $17 billion in the first seven months of this year. Some new barriers […]

All set for Hanoitex 2017 exhibition from Nov 1

2017/10 26 09:10

Courtesy: VNA Hanoi textile and garment industry expo (Hanoitex), 2017 will be held Hanoi, from November 1-3. The expo mainly focuses on the machineries, spare parts and technologies of the garment industry. The main aim is to provide a one stop market for all buyers in Vietnam and the neighbouring countries. It is a vital […]