S Korean footwear firms to increase investment in Vietnam

2018/07 30 11:07

More than 100 South Korean footwear firms are operating in Vietnam, with nearly four-fifths of them active in the Bình Duong province, according to Lee Young Man, president of the Korean Footwear Association in Vietnam. Investment from South Korean footwear firms is expected to steeply rise once the European Union-Vietnam Free Trade Agreement (EVFTA) is […]

Vietnam turns top textile importer in RoK, surpassing PRC

2018/07 19 13:07

Vietnamese textile products made up 34.05 per cent of the South Korean market in terms of value in the first three months of 2018, an annual increase of 2.33 per cent, according to statistics from the Korea International Trade Association. These figures helped Vietnam turn the top textile importing country in South Korea (RoK), surpassing […]

Vietnam’s textile-garment export turnover $16 bn in H1 ’18

2018/07 19 13:07

Vietnam is among the world’s five biggest textile exporters and producers, with textile and garment export turnover hitting $16 billion in the first half of 2018 — a rise of more than 14 per cent year on year. According to Vietnam Textile and Apparel Association (VITAS) president Vu Duc Giang, the textile industry reported positive […]

Higg Index to boost Vietnamese textiles sector

2018/07 05 05:07

The Vietnam Textile and Apparel Association (VITAS), the Sustainable Apparel Coalition (SAC) and Hong Kong-based garment firm TAL Group have decided to introduce the Higg Index in the country’s textile and garment industry at a meeting in Hanoi. The aim is to build a sustainable brand for Vietnamese textiles. Higg is an online self-assessment tool […]

Vietnam’s textile sector is 5th in world: VCOSA

2018/07 05 05:07

The Vietnam Cotton and Spinning Association (VCOSA) recently said the textile sector has the second highest export turnover and occupies fifth position in the world. Vietnam exported textile items worth more than $31 billion last year, representing an annual rise of 10.23 per cent. The growth is expected to continue this year with an estimated […]

FDI in Vietnamese textile-garment projects on the rise

2018/07 05 05:07

The European Union (EU)-Vietnam Free Trade Agreement (EVFTA) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) have boosted foreign direct investment (FDI) in textile-garment projects in Vietnam, according to the Vietnam Textile and Apparel Association (VITAS). FDI had dipped early last year, when the United States withdrew from the Trans-Pacific Partnership (TPP). FDI […]

UNDP project to reduce textile emissions in Vietnam

2018/06 17 15:06

Courtesy: UNDP The United Nations Development Program (UNDP) and the Vietnam Chemicals Agency, ministry of industry and trade recently held the inception workshop of a project called the ‘Application of Green Chemistry in Viet Nam to support green growth and reduction in the use and release of Persistent Organic Pollutants (POPs) and hazardous chemicals’. The […]

Green production aim of Vietnam’s garment-textile sector

2018/04 22 05:04

Vietnam needs clean, green, energy-saving production technology in the textile and garment sector to improve competitiveness, discussed a recent workshop in Ho Chi Minh City. The sector is under pressure related to price, production costs, environmental safety and workers’ health, according to Vietnam Textile and Apparel Association chairman Vu Duc Giang. The sector spends up […]

PVTex plant in Vietnam resumes operations

2018/04 22 05:04

Courtesy: Dinh Vu Polyester fibre plant (PVTex) The Dinh Vu Polyester fibre plant (PVTex) in Vietnam has resumed operations of three production lines and is expected to produce 189 tonnes of yarn in a month’s span. The plant which comes under the ministry of industry and trade is being revived as the government has planned […]

Vietnamese cloth firms need better HR management: Experts

2018/04 22 05:04

Garment and textile firms in Vietnam should pay more attention to workers’ needs and better manage human resource to sustain a productive and quality workforce, it was discussed at a seminar on workforce development in the sector in Ho Chi Minh (HCM) City recently. This is crucial as Vietnam is acceding to international trade agreements, […]

12 investors commit $38 mn to VSIP in Vietnam’s Nghe An

2018/02 01 09:02

Twelve investors have committed $38 million to the Vietnam-Singapore Industrial Park (VSIP) near Nghe An province’s capital Vinh City since its construction began in 2016. Seven investors have received land and work on their projects is expected to begin soon. Another two plants will start operations in near future. The park’s first stage covers 83 […]