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HCM City aims to become Vietnam’s future T&C hub

Ho Chi Minh City, a famous city in Vietnam, aims to become the country’s future garment, textile material and accessory hub, and is planning to build large centres for designing fashion, trading garment, textile material and accessories. The municipal authorities of the region informed that the HCM City has set targets of meeting 80-90 per cent of Vietnam’s demand for garments and textiles by 2020, and supplying 100 per cent of accessories for the country’s […]

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Vietnam to host seminar on sustainable textile industry

Hanoi, Vietnam will be hosting a seminar titled “Smart Manufacturing System for Sustainable Textile Industry” on 13 July, 2017. To be held annually, the event is co-organized by Vietnam Textile and Apparel Association (VITAS) and Korea Institute of Industrial Technology (KITECH). This seminar is a part of the bilateral cooperation between the Governments of Vietnam and the Republic of Korea (RoK), as approved in the MoU signed in Seoul in December, 2016. Also Read – […]

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Vietnam sees India as potential apparel supplier

“The clothing and textiles segments are overly dependent on raw material imports from China,” averred Nguyen Thi Tuyet Mai, Deputy General Secretary, Vietnam Textile and Garment Association (VITAS), while speaking at a seminar in Hanoi, Vietnam. She further substantiated her point by mentioning that garment and textile industry need to reduce their dependence on China, the Republic of Korea and Taiwan, the three primary supply sources, and look for viable alternatives. Depending completely on 3 […]

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Textiles India 2017: Vietnam to showcase its expertise

Vietnam Textile and Apparel Association (VITAS) has announced that it will be sending a delegation of representatives to exhibit the country’s skill and expertise at a major business-to-business (B2B) event, Textiles India 2017, for the textiles segment in India. Many industry experts and professionals feel that Textiles India 2017, to be held from 30 June to 2 July, could turn out to be the biggest trade event ever for the textiles and apparel industry. “The […]

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Garment and textile businesses in Vietnam seek to capture Russian market

Increasing demand to import over US $ 10 billion worth apparel products every year is making Russia a potential market for the garment and textile business enterprises in Vietnam. The Vietnam Textile & Apparel Association (VITAS) says that the businesses have received, and are receiving, several orders for jeans and jackets from Russian companies. “Russia has a cold climate and so its consumers have huge demand for jackets and jeans,” averred Vu Duc Giang, Chairman […]

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Vietnamese T&C industry witnesses resurgence of capital flows

This year, so far, the biggest increase in investment capital in the textile and garment industry of Vietnam has been the expansion of the plant by Taiwanese Polytex Far Eastern Group in Binh Duong Province to manufacture polyester fibre products. The investor has been granted a license to increase investment capital by an additional US $ 485.8 million in less than two years after making the first investment in the project, which raises the total […]

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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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