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Related Keywords: aimed at fast tracking the Buy Kenyan, Build Kenya initiative, Cabinet Secretary industry investment and trade, CS Adan Mohame, enhancing partnerships with local textile and apparel sector, in a bid to improve quality of products, ministry of industry and trade, partnership between the government and private sector, second SME FEST

The Ministry of Industry and Trade in a bid to improve quality of products is enhancing partnerships with local textile and apparel sector. The partnership between the government and private sector is aimed at fast-tracking the ‘Buy Kenyan, Build Kenya’ initiative, said CS Adan Mohame, Cabinet Secretary industry investment and trade during the second SME FEST held on 21 Marsh in KICC Nairobi.

Related Keywords: assist coordination and connection, costs of logistics account, domestic textile enterprises, ministry of industry and trade, Ministry of Transport, nearly one-third of the costs of each textile product exported, reduce costs and improve competitiveness, Vietnamese textile industry, work together with logistics service providers

The Vietnamese textile industry to reduce costs and improve competitiveness, the domestic textile enterprises should work together with logistics service providers. The costs of logistics currently account for nearly one-third of the costs of each textile product exported, so the Vietnamese garment sector could save more than US$1 billion per year by reducing this cost, according to experts.

Nguyen Tuong, Vice Chairman of the Vietnam Logistics Association, said that the textile industry needs to import raw materials from abroad and export products to foreign markets.

Related Keywords: attract local and foreign investment, dyeing, export contracts for second half of year, exports grew in the first half of this year, fabric and yarn production, local firms face difficulties in obtaining production, ministry of industry and trade, proposed development of large textile and garment industrial zones, Vietnam textile and garment

Vietnam’s textile and garment exports grew in the first half of this year, but local firms face difficulties in obtaining production and export contracts for the second half of 2016, according to the Ministry of Industry and Trade (MoIT). To support local firms, MoIT has proposed the development of large textile and garment industrial zones (IZs) on 500 – 1000 hectare to attract local and foreign investment in dyeing, and fabric and yarn production.

Related Keywords: enjoy zero percent tax rates, HCMC Enterprise Association, Japanese firm move to invest, ministry of industry and trade, three largest projects . fibre plant, TPP, Trade Promotion Department, Vietname garment and textile industry to grow, VN-EU FTA

With the signing of TPP and VN-EU FTA and once the agreement takes effect, Vietnamese garment and textile industry is expected to grow 50 percent in the first year and 20 percent in the following year, according to the Trade Promotion Department under the Ministry of Industry and Trade.

To take advantage of opportunities from free trade agreements such as the Trans-Pacific Partnership (TPP) and VN-EU Free Trade Agreement many foreign firms have recently sped up investment in garment and textile industry in Vietnam.

Related Keywords: Association of Italian Textile Machinery Manufacturers, bilateral trade, export market, Garments, import market, interested in Vietnam, Italian companies, Italy and Vietnam, ministry of industry and trade, Textiles

Italy is Vietnam's eighteenth largest export market and fifteenth largest import market. Vietnam’s export to Italy has surged by 18.2 percent reaching US$2.5 billion, while its imports from Italy has touched US$1.19 billion in the past 11 months (January to November), according to the Ministry of Industry and Trade.

According to Raffaella Carabelli, president of the Association of Italian Textile Machinery Manufacturers, Italian companies remain interested in Vietnam, a growing market with untapped co-operative opportunities and high consumption demand.

Related Keywords: advanatages of investing, investment incentives and guarantees, investment process, ministry of industry and trade, Tanzania government, Tanzanian textile and garment industry, textile agency, textile developmne unit

The Textile Development Unit (TDU) has been set up within the ministry of Industry and Trade by the Tanzania government aimed to specially provide support to investors at every stage of investment process. The investors through TDU can find the information they need about the sub-sector --the advantages of investing, and the investment incentives and guarantees, as well as practical information on setting up a business in Tanzania.