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Related Keywords: exports two-thirds of yarn output, fabric determines cost and quality, facing many problems, finished garment products, imports fabric every year, no specific policy designed, spinning and cotton industry., Textile production, textiles cannot meet garment requirements, Vietnam textile industry

Vietnam textile industry is still facing many problems in textile production, as fabric determines the cost and quality of finished garment products hence textiles still cannot meet garment requirements, said Vu Huy Dong, general director of Damsan JSC.

Vietnam has to import 65-70 percent of fabric every year, it exports two-thirds of yarn output. This means that Vietnam has yarn in excess but not enough fabric.

Related Keywords: an export growth of twenty percent a year, growing rapidly, increased demand for cotton, large inflow of foreign investments, next three years, sector is expected to generate a turnover of USD forty billion, strong market for Indian cotton, Vietnam apparel industry, Vietnam textile industry

Vietnam’s apparel industry is growing rapidly. With an export growth of 20 percent a year, the sector is expected to generate a turnover of $40 billion by 2020. There has been a large inflow of foreign investments in the country’s textile industry, which has led to an increased demand for cotton.

Mainly exporting to Bangladesh, Pakistan and China, India is the world's top producer of cotton.

Vietnam may emerge as a major export area for Indian cotton soon after a series of Free Trade Agreements which constitute the Trans-Pacific.

Related Keywords: development plan not suitable, enjoy many advantages in development, fifteen percent per year, held a growth rate of export value, proposes review development plan, reach USD twenty nine billion, real development of the industry, this year export value expected, Vietnam textile industry

In the five years from 2010 to 2015, the Vietnam textile industry held a growth rate of export value at 15 percent per year. This year export value is expected to reach $29 billion.

The target in export value was much lower than the figures in reality and the development plan was not suitable with the real development of the industry. The textile and garment industry was slated to reach US$20 billion in export value in 2015, but the industry hit an export value of $27.5 billion.

Related Keywords: create of formal platform, depend upon German textile machinery, foreign investment opportunities, German Engineering Federation Textile Machinery Association, German machinery industry, Germany and Vietnam, JCC, push to establish Joint Chamber of Commerce, stimulate trade relation, Vietnam textile industry

Germany and Vietnam pushing to establish a Joint Chamber of Commerce (JCC) has affirmed both nations’ desire to further trade relations and foreign investment opportunities. According to Vietnam Chamber of Commerce Industry President Dr Vu Tien Loc, both Germany and Vietnam are hopeful that a German Vietnam JCC will create a formal platform to cultivate diplomatic communication, stimulate trade missions, and create an environment for increased long term investment of German industries in Vietnam.

Related Keywords: bonded warehouse, division of Huntsman Corporation, Huntsman Textile Effects, import dependent, increase footprints in Vietnam, knitwear mills growth, leading manufacturer of dyes and textile chemicals, PIP, sourcing raw material, tougher environmental regulations, TPP, Vietnam textile industry, working with Panko Vina

Huntsman Textile Effects, a division of Huntsman Corporation and a leading manufacturer of dyes and textile chemicals, is increasing its footprints in Vietnam. Its latest venture is a bonded warehouse near Ho Chi Minh City which will open later this month.

The new facility is part of Huntsman’s efforts to address critical business challenges and collaborating with mills and brands in order to drive sustainable growth and create value in Vietnam’s textile industry.

Related Keywords: export market, Garco 10, garment companies, Giang Duc Vu, President of giant firm, Tanzania cotton, Tanzanian cotton, Vietnam textile industry, Vietnam's Garment 10 Corporation, Vitas

Vietnam's Garment 10 Corporation (Garco 10), one of the oldest garment companies in Vietnam which has grown to become one of Vietnam’s foremost apparel companies based in Hanoi. Its President, Mr Giang Duc Vu, offered Tanzania the opportunity to export unspecified quantity of cotton to the giant firm.

Related Keywords: focus on building bridges, import polyester fabrics, Nguyen Tan Dung, raw yarn and fabrics, source material, Textile, Vietnam Prime Minister, Vietnam textile industry, yarns from India

Vietnamese Prime Minister Nguyen Tan Dung will arrive at Bodh Gaya on October 28 and then a day later travel to Delhi for formal, substantive meetings. Vietnamese PM’s visit will focus on building more bridges with India, so as to sources materials and reduce its dependence on China. The sector specifically that Hanoi is looking at India is textiles.

Vietnam imports most of its raw materials from China, especially for its emerging garment sector. In fact 50 percent of the raw yarn and fabrics are imported from Chinese firms.

Related Keywords: cloth, cotton, fiber, garment products, Indian textile and garment material supplier, input material, largest importer, market share, Vietnam textile industry

At present, Vietnam is the world’s third largest importers of textiles and ranks fifth on the list of the largest suppliers of garment products. On the other hand, India is the world’s second largest producer of input materials for the textile and garment industry, such as cotton, cloth and fiber. Keeping this in mind, the Indian textile and garment material suppliers have drawn up a plan to raise their market share in Vietnam to 25 percent by 2018.
 

Related Keywords: clothing, retailers, Trans-Pacific Partnership agreement, Vietnam textile industry, Vietnamese exporters, Western apparel brands, western market

Vietnam is expected to be one of the fastest growing suppliers of textiles and clothing to Western markets over the next few years. Its textile industry has also outnumbered the firms of Bangladesh and Cambodia. The fastest growing supplier of the US continues to grow its demand strongly in the first four months of 2014.
 

Related Keywords: exhibition, local consumer, trade fair, Vietnam textile industry, Vietnamese priorities Vietnamese goods campaign

Launched five-years ago "Vietnamese priorities Vietnamese goods" campaign, under which trade fairs and exhibitions have been organized across the country to popularize Vietnamese goods in remote areas by the provincial and municipal departments of industry helped Vietnamese made products captured hearts of their local consumers, said Trade's Domestic Market Department deputy head Le Viet Nga said at a business conference on Thursday.