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Related Keywords: Chinese investors, cotton yarn export, cotton yarn import, export prices of yarns, Indian textile industry, Indian yarn export, Spun yarn export, spun yarn import, top yarn exporting countries, top yarn importing countries, TPP, Vietnamese apparel plants, yarn export to bangladesh, yarn export to china, yarn export value, yarn export volume, yarn import from Vietnam

The deceleration in spun yarn exports of India slowed down in November 2016 having fallen 21 per cent in volume terms and 14 per cent in value terms. Spun yarn (all kinds) shipments were at 90.1 million kg worth US$261.1 million or INR1,733 crore, implying per unit realisation of US$2.90 per kg which was down US cents 11 from previous month and up US cents 24 as compared to November 2015.

Related Keywords: fabric, first six months of the year, garment production base, garment production line, key markets, one of a few Vietnamese garment companies, owns a yarn, preferential tariffs, sees contracts decrease from foreign partners considerably, strong demand from South Korea and the US, Thanh Cong Garment, TPP

Thanh Cong Garment, one of a few Vietnamese garment companies which owns a yarn – fabric – garment production line having strong demand from South Korea and the US, its key markets, sees contracts decrease from foreign partners considerably in the first six months of the year.

Related Keywords: domestic businesses, facing difficulties in finding new orders, include the US, increase slightly, Japan and South Korea, just expected to clear out inventories, lower compared to same period previous year, rather than laying new orders, three major markets of Vietnam, TPP, US importers, Vietnamese textile and garment export

Vietnamese textile and garment export has just managed to touch US$13.15 billion, an increase of 4.7 percent. The figure is much lower compared to the same period previous year. The three major markets of Vietnam include the US, Japan and South Korea, according to the Ministry of Industry and Trade report.

Related Keywords: buyers are not cutting back purchases, facing downshift, Free trade agreement, lower import tariffs, lower prices, Pacific-Rim trade pact, rise of new suppliers in global market, TPP, turning toward other suppliers, Vietnam Textile and Apparel Association, Vietnam textile and garment products export

Vietnam's textiles and garment products that accounted for nearly 14 percent of the country’s exports last year, is likely to miss the annual shipment target of $31 billion this year has it is facing downshift which industry insiders attribute to the rise of new suppliers in the global market. It’s textiles and garments exports in the first six months increased only 5.1 percent to US$10.7 billion, the slowest pace since 2010.

According to figures released by the General Statistics Office of Vietnam, the industry's exports grew 8.2 percent to $22.63 billion last year.

Related Keywords: current growth, domestic garment and textile industry, EVFTA, export turnover, FDI projects, fibre, garment production project, match progress of the country, revise development plan, target set in current plan, TPP, Vietnam garment sector, Vitas, VKFTA

The Vietnam garment sector has earned an export turnover of $27.5 billion in 2015. With the current growth, the domestic garment and textile industry wants to revise a development plan to 2020 with vision for 2030 to match the progress of the country. The sector has set export turnover at between $50 and $50 billion by 2020, instead of targets set in the current plan, according to Vietnam Textile and Apparel Association (VITAS).

Related Keywords: being relinquished by China, entitled Stitched to riches, help firms grow in size, increase productivity, India focus on cotton, India losing out in global apparel market, Indonesia and Vietnam, less complex labour policies, need to reduce duties on import of MMF, textile and apparel sector, to Cambodia, TPP, World Bank report launched

India is losing out in the race for a greater share in the global apparel market to countries such as Cambodia, Indonesia and Vietnam being relinquished by China. It needs to reduce duties on import of manmade fibre and increase productivity by helping firms grow in size with less complex labour policies, according to World Bank report entitled entitled ‘Stitches to riches? — apparel employment, trade and economic development in South Asia’ on Thursday.

Related Keywords: Foreign invested enterprises, held workshop, leaving market, not be able to enjoy preferential tariffs, pocket most of the money, requirements on origin of products, textile and garment companies, TPP, unstable policies of the state, Vietnam Chamber of Commerce and Industry, World Bank

At a workshop held by the World Bank (WB) and the Vietnam Chamber of Commerce and Industry (VCCI), Truong Van Cam, deputy secretary general of the Vietnam Textile and Apparel Association (Vitas) said that many textile and garment companies due to the state’s unstable policies are leaving the market.

According to analyst, the government seems to be too optimistic about opportunities to be brought to the textile and garment sector by TPP.

Related Keywords: API, during the slowdown of global eonomy, falling to compete with Vietnam, FTA, hit a low, hope for better future, IMF, Indonesian textile industry, many textile firms bankrupt, production costs spiral, sales dwindle, TPP

Indonesian textile industry is one of the many sectors that have hit a low during the slowdown of the global economy. As Indonesia is failing to compete with Vietnam, many textile firms in Indonesia are becoming bankrupt as production costs spiral and sales dwindle. But the industry still has hope for a better future.

Vietnam outshines Indonesia in this sector as they has already joined the Trans-Pacific Partnership (TPP) and completed negotiations for a free trade agreement (FTA) with the European Union. Indonesia, meanwhile, will not be joining the TTP for another two years.

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.

Related Keywords: companies received enough order, doing contract work, Garmex Saigon, international clothing brands, keep factories running, local companies, positive about export target, scored a large number of orders, secured orders for a full year, set this year, TPP, Vietnam Textile and Apparel Association, Vietnamese textile and garment industry

Vietnamese textile and garment industry are positive on achieving the industry’s export target set at USD$30 billion this year as many companies have received enough orders to stay busy for at least the first half of the year.

The Vietnam Textile and Apparel Association, vice chairman Pham Xuan Hong said that most of its member companies have a smooth start and some have already scored a large number of orders that can keep their factories running through the entire year. Even though it is less than two months in, he is confident that the annual goal is within reach.