News Tags

Related Keywords: a year-on-year rise of 10.23 percent, better quality and high added value, business production, by the end of 2017, creating products, develop corporate governance, expects to rake in USD 31 billion in exports, garment-textile industry, industry has applied technologies, press conference in Hanoi, Vietnam Textile & Apparel Association, Vitas

The Vietnam Textile & Apparel Association (VITAS) at a press conference in Hanoi on December 4 revealed the information that its garment-textile industry expects to rake in USD 31 billion in exports by the end of 2017, a year-on-year rise of 10.23 percent.

However, with determination, the garment-textile sector has overcome difficulties to reap encouraging outcomes. The industry has applied technologies to develop corporate governance and business production, creating products with better quality and high added values.

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: aiming to remove difficulties, appealed to ministries of finance and industry and trade, finding tough to sustain, following feedback and recommendations, high cost of importing raw material, many domestic enterprises, not to increase import tariffs, polyester fibre, textile and garment enterprises, Vietnam Textile and Apparel Association, Vitas

The Vietnam Textile and Apparel Association (VITAS) aiming to remove difficulties for textile and garment enterprises, following feedback and recommendations of many domestic enterprises that they are finding it tough to sustain due to high cost of importing raw material, has appealed to the ministries of finance and industry and trade not to increase import tariffs on polyester fibre from zero to 2 percent.

Related Keywords: Apparel Sourcing Paris, attending event to seek trade partners, domestic businesses, fifth largest market place in EU, French investors to investigate opportunities, held in Paris, leading European sourcing trade fair, Việtnam Textile and Garment Association, Vietnamese weave industry, Vitas, witnessed ten companies

The Apparel Sourcing Paris, a leading European sourcing trade fair which was held in Paris from September 18-21, witnessed ten companies from the Vietnam Textile and Garment Association (VITAS) attending the event to seek trade partners.

Related Keywords: CCI, connecting Vietnamese firms, Cotton Day 2017, development, jointly organize event in Vietnam, latest information on global supply and demand for cotton, seminar and a fashion show, sustainable partnership, US Cotton Council International, VCOSA, Vietnam Cotton and Spinning Association, Vietnam garment and textile sector, Vitas

The Vietnam Cotton and Spinning Association (VCOSA), the Vietnam Textile and Garment Association (VITAS) and the US Cotton Council International (CCI) to jointly organize the Cotton Day 2017, the first of its kind event in Vietnam, connecting Vietnamese firms in the industry for sustainable partnership and development.

The event main aim is to connect Vietnamese apparel enterprises with partners and suppliers and gives Vietnamese companies the latest information on global supply and demand for cotton.

Related Keywords: huge volume of workers will become superfluous, incomes for labourers, reluctant to implement Industry 4.0 practice, resources for technology innovations, spent a large sum to modernize production facilities, top concern to ensure stable production, Vietnam textile and clothing firms, Vitas

At present Vietnam textile and clothing firms top concern is to ensure stable production and incomes for labourers are reluctant to implement Industry 4.0 practice, said Chairman of the Vietnam Textile and Apparel Association (Vitas), Vu Duc Giang stated that, in the past a factory with 30,000 spindles for making thread required up to 450 labourers. In the wake of Industry 4.0, a factory of comparable size now requires only 30 labourers maximum.

Related Keywords: achieved more than USD six billion, appear to support export earnings target, EU second largest export market, first quarter of this year, reduce production costs, seek orders for high quality products, urged enterprises optimise capacity of equipment, Vietnam garment and textile exports, Vietnam Textile and Apparel Association, Vitas

Vietnam has achieved from its garment and textile exports USD 6.84 billion in the first quarter of this year, 11.2 percent more than in the same period last year, according to the Vietnam Textile and Apparel Association (VITAS). First quarter figures appear to support this expectation of touching its export earnings target of over USD 30 billion set, seven percent growth over 2016.

Related Keywords: expansion of the plant to manufacture polyester fibre products, Far Eastern capital increase plan remain unchanged, granted a license to increase investment capital, investment in Vietnam, number of Korean investors, planning to expand their production, take advantage of business opportunities, Trans-Pacific Partnership agreement, Vitas

Investment in Vietnam was admittedly to take advantage of business opportunities from the Trans-Pacific Partnership (TPP) Agreement, but Far Eastern affirmed that even if the TPP is suspended, their capital increase plan will remain unchanged.

The biggest increase in investment capital in the textile and garment sector in the year so far is the expansion of the plant to manufacture polyester fibre products by Taiwanese Polytex Far Eastern Group in Binh Duong Province.

Related Keywords: a rise of eleven point two percent year on year, available in forty countries and territories over the world, garment and textile exports, in the first quarter of this year, Vietnam earned six point eighty four billion USD, Vietnam Textile and Apparel Association, Vitas

Vietnam earned 6.84 billion USD from garment and textile exports in the first quarter of this year, a rise of 11.2 percent year on year, according to the Vietnam Textile and Apparel Association (VITAS).

Currently, Vietnamese garment and textile products have been available in 40 countries and territories over the world, with major markets including the US, Japan, the Republic of Korea, China and the EU.

Related Keywords: maintain export growth, meet its revenue target, plans to increase shipments, six percent in two markets, US and Japan market, USD thirty billion from exports this year, Vietnam Textile and Apparel Association, Vietnam textile and apparel sector, Vitas

Vietnam textile and apparel sector plans to increase shipments to the US and Japan and maintain an export growth of 6 percent in the two markets to meet its revenue target of $30 billion from exports in 2017, Vietnam Textile and Apparel Association (Vitas) said.

The US and Japan imported garments and textile products worth US$15 billion from Vietnam in 2016. This accounted for 53.5 percent of the garment and textile sector’s export turnover of $28.3 billion last year.