With an export turnover of over $1.35 billion in August, apparel products continued to be amongst the country’s export items with highest export turnover from early this year so far, bringing the total figure in Jan-Aug to $8.95 billion, rising 28.2% from the same period last year, Vietnam Textile and Garment Association (Vitas) reported. Pham [...]
Textile and garment firms have a growing appetite to hook up with domestic and foreign partners amid uncertain economy. For example, recently Ho Chi Minh City-based Phuoc Long Investment Joint Stock Company (PLI) and Japan’s Sumikin Bussan Group began construction of VND23 billion ($1.1 million) Phuoc Long-Sumikin Bussan garment plant in Ho Chi Minh City’s [...]
A workshop discussing measures to boost cotton imports from eastern and southern African countries to Vietnam was held in Hanoi on August 19. According to Deputy Minister of Industry and Trade Ho Thi Kim Thoa, trade relations between Vietnam and African countries in recent years had seen development but were yet to match their potential. [...]
Textile exporters with large output and skilled employees opt for becoming suppliers for domestic fashion retailers as the global economy remains sour. Textile producer Garmex Sai Gon, one of the country’s largest textile exporters, has inked an agreement worth VND100 billion ($5 million) to become a supplier for local fashion retailer Blue Exchange this year. [...]
The country’s textile and garments sector has had its annual export forecast upped by US$500,000, based on performance this year. The Ministry of Industry and Trade changed the sector’s forecast for 2011 from the previously announced $13 billion to $13.5 billion. The new figure was announced after textile and garment exports rose to $7.56 billion [...]
The leather and footwear industry has been facing increased difficulties in sourcing capital towards development due to the current economic crisis. At the end of 2010, the Ministry of Industry and Trade approved a development strategy aimed at the leather and footwear industry with a total investment of VND60 trillion (US$2.9 billion). Diep Thanh Kiet, [...]
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