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Related Keywords: fabric and dyeing sectors, facing great challenge, focus on developing modern skills, labour-replacement process, meeting requirements of productivity, need some 300-400 engineers every year, quality and fashion trends, train workers to modernise production, universities supply only around 30, Vietnam textile and garment industry, yarn

Vietnam textile and garment industry facing a great challenge in meeting the requirements of productivity, quality and fashion trends as the yarn, fabric and dyeing sectors need some 300-400 engineers every year, while universities supply only around 30, according to experts.

Hoàng Xuân Hiệp, principal of the Hà Nội Industrial Garment and Textile University said that trained workers only account for around 25 percent of the workers in the sector. There is a training shortfall.

Related Keywords: attracting orders, biggest beneficiary from TPP and other FTAs, Cambodia enjoys zero percent tariff, experiencing tough day, orders for second quarter lower than predicted, orders moved from Vietnam to Myanmar and Laos, Vietnam textile and garment industry, Vietnam-EU FTA not taken effect

Vietnam textile and garment industry believed to be the biggest beneficiary from TPP and other free trade agreements (FTAs), are experiencing tough days as orders have moved from Vietnam to Myanmar and Laos. According to Pham Xuan Hong, chair of the HCMC Textile, Garment, Knitting and Embroidery Association, the orders for the second quarter of the year have come, but the number is lower than predicted.

Related Keywords: attracts biggest foreign direct investment, capitalize TTP opportunities, FDI project, huge textile and garment projects, lothing projec, manufacturing and processing sector, Polytex Far Eastern Co. Ltd., Vietnam textile and garment industry

Vietnam textile and garment industry attracts majority of the biggest foreign direct investment (FDI) projects as investor want to build the factory in Vietnam to capitalize on the opportunities from the Trans-Pacific Partnership (TPP). Early this week, the government of Binh Duong Province awarded an investment certificate to Polytex Far Eastern Co. Ltd. under Taiwan’s Far Eastern Group to develop a US$274-million clothing project.

Related Keywords: decline in FDI capital, dying and garment sector, enviromental problems, large scale projects, not garment outsourcing, rethinking to consider FDI project, Textile, TPP trade agreement, turned down foreign investment projects, using modern technologies, Vietnam City investment promotion center, Vietnam textile and garment industry

Vietnam's Da Nang City’s Investment Promotion Center though saw a sharp decline of 45 percent in foreign direct investment (FDI) capital in the first three months of the year still turned down two foreign invested projects capitalized at hundreds of millions of dollars on the grounds that they may cause environmental problems.

Both of the projects were in the textile, dying and garment sector, including a $200 million project registered by an investor from Hong Kong and another registered by an investor from South Korea.

Related Keywords: double size of production, Free trade agreement, largest economic sector, next textile and garment hotspot, textile export, TPP agreement, Vietnam Textile and Apparel Association, Vietnam textile and garment industry

Vietnam’s textile and garment industry is one of the largest economic sectors in the country, consisting 4,000 enterprises with a turnover of US$20 billion a year, accounting for 15% of. According to the Vietnam Textile and Apparel Association, textile and garment products are exported to 180 countries and territories in the world. In 2015, textile and garment industry is aiming at total exports of $28.5 billion.

The textile industry has been witnessing a steady growth over the recent years and pushing the country to become one of the top textile exporters in the world.

Related Keywords: equipment and technologies, high quality exhibitors, latest machinery, TAMI, Tan Binh Exhibition & Convention Centre (TBECC), TPP, Vietnam Int’l Textile & Garment Industry Exhibition, Vietnam textile and garment industry, VTG 2015 exhibition

The Vietnam Int’l Textile & Garment Industry Exhibition (VTG) show has seen a gradual increase in visitors each year as interest in textile, garment, apparel and accessories firms. With 4 consecutive successful years, the show has become one of the more influential and comprehensive exhibition for textile and garment in Vietnam. VTG 2015 will be held again at Tan Binh Exhibition & Convention Centre (TBECC) from 21st to 24th October, 2015, it will definitely the industrial exhibition that textile industry players can't miss to attend.

Related Keywords: Chinese, Chinese Texhong Group, fibre industry, FTA, Hong Kong based TAL Group, Hongkong, Taiwanese investors, TPP, Vietnam textile and garment industry

With Vietnam eyeing early conclusion of Free Trade Agreement (FTA) and Trans-Pacific Partnership (TPP), which according to the Ministry of Industry and Trade, the two agreements will be signed in 2015. The Chinese, Hong Kong and Taiwanese investors have of late started increasing their investment in garment and textile industry in Vietnam.

Related Keywords: textile export, Vietnam textile and garment industry

The Vietnam textile and garment industry firms have started large projects to expand their production and receive new business opportunities this year. So far, many enterprises have signed export contracts to be completed by the third quarter of this year, the Ministry of Industry and Trade said.

It export value in the first two months of 2014 reached US$3.2 billion a year-on-year increase of 30.1 per cent.

Many Vietnam textile firms have signed export contract and also invested in their production line this year.