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VN textile-garment trade surplus likely to hit US$15.5 bn this year

Related Keywords: early this year, estimated at US$31 billion, fabrics US$1.07 billion and cotton US$3.51 billion, faced multiple challenges, second quarter of this year, situation changed for better, textile and garments contribute an estimated US$25.91 billion, total export revenue, Vietnam textile and garment sector

Vietnam textile and garment sector has faced multiple challenges early this year, but the situation has changed for the better since the second quarter of this year. Of the total export revenue of this year estimated at US$31 billion, textiles and garments contribute an estimated US$25.91 billion, fabrics US$1.07 billion and cotton US$3.51 billion.

At a press conference in HCMC on December 11, Giang said that the sector has gained strong export growth this year, at 10.23% versus 2016, and the momentum is to continue into next year with export earnings expected at US$33.5-34 billion.

ACIMIT records increase in Italian textile machinery order for 2Q 2015

Related Keywords: ACIMIT, Association of Italian Textile Machinery Manufacturers, definitive move in foreign markets, domestic orders have also risen, incentives implemented by the Government, International sanctions halted flow of machinery exports towards Iran, ITMA, recorded increase in orders, second quarter of this year

The Association of Italian Textile Machinery Manufacturers (ACIMIT) has recorded a 15% increase in orders of Italian textile machinery for the second quarter of 2015 over the same period of last year. The value of the orders index for this period amounts to 99.4 points. Italy remains under observation, but is showing sure signs of a recovery – domestic orders have risen by 7% compared to the second quarter of 2014, the association reports.

Orders have made a definitive move in foreign markets, a 21% increase over the same quarter for 2014, marking a fourth consecutive period of growth.

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