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Vietnam Fashion Week returns for S/S ’17 edition

Vietnam International Fashion Week 2017 will take place in Ho Chi Minh City this year from April 25-28, featuring the latest Spring/Summer collections from over 20 global designers. Dutch-Vietnamese designer Xuan-Thu Nguyen, who is the first designer of Vietnamese descent to be accepted as a member of France’s Haute Couture Federation, will open the 4-day extravaganza. Also Read – Vietnam Junior Fashion Week 2017 from March 24 With the Chairman of Vietnam Textile and Apparel […]

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Vietnamese garment industry to benefit from RCEP membership

According to Vu Duc Giang, Chairman of Vietnam Textile and Apparel Association (VITAS), Vietnam is negotiating for the Regional Comprehensive Economic Partnership (RCEP), which may bring innumerable benefits to the country’s garment and textile sector in terms of cost, market scale, and supply of materials. The local Bao Cong Thuong (Industry and Trade News) online newspaper quoted Giang as remarking that the RCEP membership will be a huge boost for Vietnamese garment and textile industry […]

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Brexit Effect: Vietnam may soon feel the heat

The EU economy interspersed with the resignation of the Italian Premier and the exit of the UK and Northern Ireland from the EU may now start to adversely impact Vietnam’s exports to the large markets. Le Tien Truong, General Director of Vinatex, the nation’s leading textile and garment group, had predicted that Brexit would show its impact on Vietnam by the end of the first quarter of 2017. The EU is the second largest export […]

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Vietnam exports US $ 15 billion T&C products to US, Japan

According to Vietnam Textile and Apparel Association (Vitas), garment and textile products exports from the country to US and Japan mounted to US $ 15 billion in the year 2016. This accounted for 53.5 per cent of Vietnam’s garment and textile sector’s export turnover last year. During 2016, Vietnam recorded a total turnover of US $ 28.3 billion. The textile and garment industry in Vietnam has set a growth target of 6.5-7 per cent to […]

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Vietnam notes decade low export growth in apparels

According to the General Department of Vietnam Customs, the total export of garment and textile products was US $ 22.58 billion till December 15 of the current year, marking a year on year growth of 4.8 per cent which is lowest in last 10 years. Equally, shoe exports showed the same picture as Vietnam exported US $ 12.3 billion worth of shoes during the period with a growth rate of 8.1 per cent, lower than […]

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Vietnamese T&C sector to face challenges even in 2017!?

Textile and garment sector of Vietnam will continue to face challenges even in 2017 due to fierce competition by other major exporters such as China, India, Bangladesh and Pakistan while global demand is forecasted to slow down, reports a local Vietnamese news agency. Le Tien Truong, General Director, National Garment and Textile Group (VINATEX) averred that the textile and garment exports to the US and the EU will also be under negative impact owing to […]

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Vietnam apparel industry to benefit from Renminbi’s inclusion into IMF

Vietnamese apparel industry, especially apparel exporters and importers are expected to benefit from the Chinese currency Renminbi (RMB)’s inclusion into the Reserve Currency Basket of the International Monetary Fund (IMF). As from now on, Vietnam’s importers and exporters will not have to make currency exchange/conversion from the US dollar into RMB while carrying out their transactions with China. Recently, the IMF officially added RMB to its new Special Drawing Rights (SDR) basket as a fifth […]

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Vietnamese businesses know less about TPP than foreign counterparts

Vietnam has become the centre of attraction for the global garment industry with both investors and buyers looking at the country in a new light…, and what has made the difference is the recently signed 12-nation Trans-Pacific Partnership (TPP) Agreement, which gives duty-free access to signatories in markets like the US, Canada, Japan, Latin America and Australia which are big markets for the apparel retail business. Though Vietnam already has a significant presence in garment […]

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VITAS urges Government to devise new strategy for T&C sector

In the wake of obsolete vision to achieve US $ 20 billion by 2020 when the figures had already exceeded US $ 27 billion in 2015 itself and is expected to achieve US $ 31 billion by the end of this year, Vietnam Textile and Garment Association (VITAS) has suggested the Government to review and revise the development plan for the country’s T&C industry. “The Government should make use of Vietnam’s demographics where the working […]

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Vietnam likely to miss export target for 2016: VITAS

Experts at Vietnam Textile and Apparel Association (VITAS) reportedly predict that the local textile and garment enterprises of Vietnam might earn only US $ 29 billion from apparel exports this year compared to its set target of US $ 31 billion, due to changing market scenarios. Vietnam’s textile and garment industry is presently facing issues like lack of export orders; reduced competitive ability owing to increased minimum wage, which has risen an average 26.4 per […]

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Dyeing units’ untreated wastewater discharge, a rising concern in Vietnam

A substantial number of textile dyeing units are reportedly increasing water pollution level in Vietnam. One such company is Mei Sheng Textiles Co. Ltd., a Chinese invested company, which has allegedly been booked seven times for illegally discharging wastewater. The company built a dyeing plant with an annual capacity of 1,100 tonnes per year. This plant discharges untreated wastewater into Da Den Lake, which supplies water to 90 per cent of people in Ba Ria-Vung […]

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Vietnam Textile and Apparel Association looking for collaborative growth

Vietnam has been doing exceedingly well in garment exports, shipping US $ 27 billion worth of products in 2015 and is all set to overtake Bangladesh as the biggest exporter from Asia after China. The new thrust created by the expectation of increased business post TPP and the signing of the impending trade agreement with the European Union is palpable in the industry. In an exclusive interaction with Apparel Online, Nguyen Dinh Truong, Vice Chairman, […]

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Vietnamese textile exports up 5.1% in H1 ’16

Vietnam’s textile and garment exports witnessed a surge of 5.1 per cent to US $ 10.7 billion in the first half of 2016, the slowest pace since the year 2010. The industry experts attribute this to the rise of new suppliers in the global market. Although there hasn’t been a cut back on purchases from the buyers, there has been a shift towards other manufacturing destinations like Bangladesh, Cambodia, Laos and Myanmar due to lower […]

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Vietnam textile industry explores German technologies

At a recent event organized by VDMA Textile Machinery Association in collaboration with Vietnam Textile and Apparel Association (VITAS) – ‘German Technology Meets Vietnamese Textile’ in Hanoi (Vietnam), more than 600 business representatives and experts from Vietnam’s textile and support industries were introduced to Germany’s latest textile and apparel technologies. Trương Van Cam, Deputy Chairman, VITAS said that the event provided an opportunity for companies to make contact, exchange information and establish a mutually beneficial […]

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Vietnamese textile industry will not have much impact of Brexit

Vietnamese textile industry experts feel that immediate Brexit impacts on the market are unlikely. No significant impact will be there on the textile trade too, as the UK currently accounts for only 3 per cent of Vietnam’s textile export to the EU. As far as bilateral trade ties between Vietnam and the UK are concerned, experts are of the opinion that the situation will remain a little tough at the moment, but there will be […]

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