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Related Keywords: apparel, Bangladesh, China, clothing, cotton, export, fabric, import, India, Textile, Vietnam, yarn

India ranked fifth in the global textile and clothing exports in 2018 though it was in the second position between 2014 and 2017, according to the Confederation of Indian Textile Industry.

Sanjay K. Jain, chairman of the Confederation, has said in a press release that the space vacated by China was largely occupied by the least developed countries, including Vietnam and Bangladesh. India has not been able to tap the opportunities because of its competitive disadvantages and trade barriers in the international markets.

Related Keywords: Bangladesh, brand, China, consumers, Germany, import, price, Puma, sportswear, US, Vietnam

Sportswear brand Puma has warned that an increase in the price of its products is inevitable should proposed tariffs on more China-made products imported into the US come into effect.

Chief executive Bjorn Gulden has said the brand is already taking action in response to the situation. This has included moving some of its production from China to other countries like Vietnam, Bangladesh and Cambodia.

Related Keywords: BVSC, EU-Việt Nam Free Trade Agreement, EVFTA, fabrics, footware, Garments, MFN, supply chain, Textiles, Vietnam

Textile, garment and footwear products made in Việt Nam will not enjoy immediate tariff cuts after the EU-Việt Nam Free Trade Agreement (EVFTA) comes into effect, according to a report from Bảo Việt Securities Joint Stock Company (BVSC).

After the EVFTA comes into effect, Most Favoured Nation (MFN) tariffs will automatically replace the Generalised System of Preferences (GSP) rates which the EU has applied for developing and underdeveloped countries.

Related Keywords: export, Garments, growth, Industry, manufacturing, Textile, turnover, Vietnam, Vietnam Textile and Apparel Association

Vietnam has gained nearly USD12.1 billion from exporting garments and textiles in the first five months of this year, posting a year-on-year increase of 10.3 percent.

Revenues of the country's garments and textiles exported to the Association of Southeast Asian Nations (ASEAN) soared 31.6 percent, to South Korea up 16.3 percent, to the United States up 9.8 percent, and to Japan up 6.5 percent.

In May alone, the garment and textile export turnovers reached USD2.6 billion, gaining a year-on-year increase of 10.8 percent.

Related Keywords: Bangladesh, decline, export, Garments, import, India, Industry, manufacturing, Textile, Vietnam

The new government would have to rethink its policy on turning around India’s second-largest job provider, as the textile sector continues to gasp for growth. Three years after key regulatory and labour changes were put in place, India’s textile and apparel exports have declined from $38.60 billion in 2014 to $37.12 billion in 2018 while imports have increased from $5.85 billion to $ 7.31.

Related Keywords: apparels, export, exports, garment, Industry, Textile, Vietnam

Vietnam gained over 9.4 billion U.S. dollars from exporting garments and textiles in the first four months of this year, up 9.8 percent year-on-year, according to the country's Ministry of Industry and Trade on Wednesday.

In April alone, the country raked in 2.3 billion U.S. dollars from selling the products offshore, rising 7.1 percent.

Between January and April, largest importers of Vietnamese garments and textiles included the United States, Japan, the European Union and South Korea.

Related Keywords: contract pricing, excessive overtime, Fashion Brands, fashion chains, garment manufacturer, garment workers, labour rights, minimum wage, pay, production planning, supply chains, Vietnam

European and U.S. fashion brands sourcing from Vietnam must stop their “harsh” tactics that push down workers’ wages and trap millions in poverty, labour rights campaigners said on Thursday.

Vietnam, which is one of the world’s largest garment manufacturers and supplies fashion chains such as Zara and H&M, is home to over 6,000 garment and textile factories that employ about 3 million people, government figures showed.

Related Keywords: among top five textile and clothing, competitive prices in the world, exporting countries along with India, import a lot of raw materials, Indian consul general, lot of potential for co-operation, supplies high-quality materials and fabrics, textile and garment sector, Vietnam, Vietnam-India business meeting

Vietnam is among the top five textile and clothing exporting countries along with India. K Srikar Reddy, the Indian consul general at the Vietnam-India business meeting in HCM city on Thursday said that there is a lot of potential for co-operation between the two countries in the textile and garment sector.

But it has to import a lot of the raw materials, while India’s textile industry has developed a complete product supply chain and India is also one of the suppliers of high-quality materials and fabrics at competitive prices in the world.

Related Keywords: benefits from number of tax incentives, big companies of Armenia, considering production and business cooperation, distribution networks in Russia and the EU, EAEU, Eurasian Economic Union, first country to sign a free trade agreement, includes Armenia, textiles and garment industry of Armenia, Vietnam, Vinatex seeks investment opportunities

Vietnam is the first country to sign a free trade agreement with the Eurasian Economic Union (EAEU) that includes Armenia. Vietnam National Textile and Garment Group (Vinatex) is considering production and business cooperation with big companies of Armenia that have already had distribution networks in Russia and the EU. The country has also benefited from a number of tax incentives thanks to free trade agreements when its products enter the Russian or EU markets.

Related Keywords: boost European growth and job creation, development of Vietnam, EU FTA with Vietname, EU retail sector, fast moving consumer goods after China, growing interest for investment, retail sector, retail stores in Vietnam, second largest source, Vietnam

Vietnam is EU retail sector’s second largest source of fast-moving consumer goods after China. With EU’s FTA with Vietname expected to boost European growth and job creation in the retail sector as well as development of Vietnam.

There is also a growing interest for investment in retail stores in Vietnam. The scale of the potential gain for the sector is enormous. For EU retail, FTA with Vietnam is more important than the agreements with the US, Canada and Japan combined.