Vietnam News Agency reported that the coal mining industry has set a target of pairing its activities with environmental protection while ensuring national energy security for socio economic development. The target was raised in the Coal Industry Development Plan to 2020 with a vision to 2030 which was recently approved by the Prime Minister. Under [...]
Binh Duong Province-based TBS Group has marked a turning point for the Vietnamese fashion handbag industry with the export of the first domestically-made luxury lifestyle handbag shipment to the US. TBS Group has become the first 100 percent domestic owned firm, and the fifth fashion handbag manufacturer in Vietnam, to make the products for US-based [...]
The enterprises in garment and footwear industries – the two biggest exporters of Vietnam – are expecting the opportunities to penetrate more deeply into the US market, when the Trans-Pacific Partnership TPP is signed. With TPP, the tariffs imposed on the goods that Vietnam and TPP-member countries export to the US would decrease gradually before [...]
Many local fashion brands have taken back market share in the low and medium-cost segments that have formerly been dominated by Chinese-made products. So-called fashion streets such as Le Van Si, Hai Ba Trung and Nguyen Dinh Chieu as well as shopping centres in HCM City have been crowded with many visitors. Evenings have been [...]
In 2011, Vietnam’s export turnover for leather and footwear reached over $6.5 billion, ranking amongst top five countries and territories with the highest export turnover of leather and footwear worldwide. In addition, the country’s export turnover of handbags exceeded the threshold of $1 billion for the second consecutive year, contributing to increasing the country’s export [...]
The footwear production output of Vietnamese companies for the domestic market is expected to continue rising in 2012 as more and more consumers are using “made in Vietnam” shoes. It shows that the domestic consumption of footwear industry is increasing well and gradually dominating the market where “made in China” shoes occupied for a long [...]
The garment and textile sector aims to achieve export earnings of US$15 billion in 2012, despite a predicted 15 percent fall in orders from major markets compared to last year. Chairman of the Vietnam Textile and Apparel Association (VITAS), Vu Duc Giang, said this year the US, EU and Japan will remain the sector’s major [...]
Vinatex will strive to finalise its divestment plan from non-core businesses before the end of 2013. “Vinatex’s investment portion into non-core businesses is low compared to some other state groups. Hence, we hope our divestiture plans from investees will not be fraught with difficulties,” said Vinatex deputy director Le Tien Truong. In fact, Vinatex’s total [...]
Many Vietnamese garment brand names have gradually gained back local market share in low-cost product segments targeting average-income consumers, which used to be dominated by Chinese products. Many fashion stores on Ho Chi Minh City’s Le Van Si and Nguyen Dinh Chieu streets, which used to sell large amounts of Chinese garments, have now reduced [...]
In 2011, Vietnam’s export for apparel products was estimated to earn $13.8 billion, accounting for 16.5% of the country’s total export turnover and increasing nearly 38% from 2010, according to Le Tien Truong, deputy general director of Vietnam Garment and Textile Group (Vinatex). In 2011, Vietnam’s garment and textile sector posted a trade surplus of [...]
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