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 […]

Vietnam targets $20 bn from export of footwear, bags

2018/01 18 12:01

Vietnam targets to earn around $20 billion from the export of footwear, bags and suitcases in 2018. Positive signs in the global economy and rising consumption demand would create favourable conditions for domestic firms in exports and investment, according to Vietnam Leather, Footwear and Handbag Association (Lefaso) vice president Phan Th? Thanh Xuan. Buoyed by […]

Industry 4.0 adversely affecting Vietnamese garment firms

2018/01 16 12:01

Several garment and textile companies in Vietnam have either closed units or have been facing such possibilities since mid 2017 due to firms investing in automated production lines, robots and new technologies. Such modernisation requires much lesser number of workers and workers who can handle the modern equipment, leaving many traditional workers jobless. Fenix Knitting […]

Vietnam’s garment sector targets $34 bn export turnover

2018/01 07 08:01

Vietnam’s textile and garment industry has targeted a year-on-year increase of 10 per cent in export value to $34 billion in 2018 despite difficulties in markets at home and abroad, according to Le Tien Truong, general director of the Vietnam National Garment and Textile Group (Vinatex). He recently reported Vinatex’s performance at a meeting in […]

Several direct air routes between Korea-Vietnam to open

2018/01 05 07:01

Several direct air routes connecting cities in Vietnam and South Korea will be opened in future to boost bilateral trade and business collaboration, Vietnamese Prime Minister Nguyen Xuan Phuc said while hosting a reception in Hanoi recently for Choi Young Joo, president of the Republic of Korea-Vietnam Friendship Association and CEO of the Panko Corporation. […]

Vietnam has new rules on formaldehyde and azo dyes

2018/01 01 18:01

Vietnam has prepared new regulations on formaldehyde and azo dyes limits in textile products manufactured, imported, distributed and sold in the country. The regulations have been issued by the Ministry of Industry and Trade (MOIT) and will come into effect on May 1, 2018. Earlier in 2017, the MOIT had published a draft regulation on […]

Vietnam’s textile sector sees over $30 bn in exports revenue in 2017

2017/12 27 11:12

A government decision to raise the minimum monthly wage by 6.5 per cent in 2018, over $30 billion in exports revenue, expansion of investments by Chinese and Taiwanese firms, and India’s Reliance Industries Limited (RIL) deciding to join hands with PetroVietnam to restart the Dinh Vu polyester plant marked the year in Vietnam’s textiles and […]

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). […]