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Related Keywords: dyeing and weaving factory, foreign direct investment projects, foreign investors expanding existing projects, likely to exceed the target, many large scale new, poured around $2 billion worth investment, textile and garment sector, textile and garment exports, this year as three years ago, USD 30 billion, Vietnam not witnessed, Vitas

Vietnam has not witnessed many large-scale new foreign direct investment (FDI) projects in its textile and garment sector this year as was seen three years ago. However, foreign investors are seen expanding their existing projects, pouring around $2 billion worth investment into this sector this year to date, as a result Vietnam’s textile and garment exports turnover in 2017 likely to exceed the target of $30 billion, according to the Vietnam Textile & Apparel Association (VITAS). The turnover was $17 billion in the first seven months of this year.

Related Keywords: China top textile manufacturer, grown into a trading hub for garments, more than sixty percent, seventy percent of exports went to Kyrgyzstan and Kazakhstan, textile and garment exports, to Central Asia and Russia increased, via ports in Xinjiang Uygur Autonomous Region, Xinjiang produces best cotton in China

China has long been a top textile manufacturer for the world market. Xinjiang produces China’s best cotton, and more of it than any other region. Textile and garment exports via ports in Xinjiang Uygur Autonomous Region to Central Asia and Russia have increased by more than 60 percent from the same period last year.

According to the latest statistics released by Urumqi Customs, China has exported 16.57 billion yuan (about 2.5 billion U.S. dollars) worth of textiles and garments through ports in Xinjiang.

Related Keywords: FIEs, FTAs, Garmex Saigon, MoIT, Orders from importers have come abundant, output of fabric made of natural fiber, production index of textile industry, projects twenty percent growth rate in revenue, synthetic and artificial fibers, textile and garment exports, TPP, Vietnamese textile company, Vitas

Vietnamese textile company, Garmex Saigon projects 20 percent growth rate in revenue in comparision with 2015 as they have so far ensured enough jobs for the company until the end of the year, unlike previous years, said Le Quang Hung, president of Garmex Saigon. Garmex Saigon reported turnover of VND1.530 trillion in 2015, while abundant orders have led to turnover that may reach VND1.8 trillion this year.