VOV.VN - Vietnamese textile companies are getting ready for the introduction of a wide array of Free Trade Agreements (FTAs), hoping they will usher in an age of unparalleled growth and prosperity.
A grave labour shortage in Laos has spelled doom for the country’s garment industry since 2012 after a robust growth during 2003-2011, according to the Association of the Lao Garment Industry.
The Index of Industrial Production (IIP) of southern Binh Duong province rose by 7.09% in the first quarter of 2016 from a year earlier, according to the provincial People’s Committee.
Vietnam’s garment-textile sector still plays a passive role in the global supply chain (GVC) as they mainly specialise in straightforward production stages without studying market demands, heard a workshop in Hanoi on March 29.
A lot of Vietnamese garment companies which do not want to outsource for foreign partners have decided to find new ways to develop.
As many as 28 million shares of the Viet Tien Garment Corporation, one of the largest garment companies in Vietnam, will be traded on the UpCom transaction floor as of October 10.
VOV.VN - Vietnam currently ranks sixth among the biggest garment exporters to the EU, trailed by China, Bangladesh, Turkey, India and Cambodia, according to the Vietnam Textile and Apparel Association (Vitas).
VOV.VN - By February 15, the country’s total exports reached US$17.032 billion while imports were US$16.347 billion, pushing trade surplus so far this year up to US$685 million, according to the General Department of Vietnam Customs.
The 90 million strong domestic market holds the potential for the garment and textile sector to increase its revenue.
VOV.VN - Domestic garment businesses have spent millions of US dollars on expanding production to snatch domestic and export market opportunities.
VOV.VN - The Trans-Pacific Partnership (TPP), one of the largest multinational trade deals ever, was signed by the 12 member Pacific Rim nations on February 4 in Auckland, New Zealand.
VOV.VN - US businesses continue expanding investment in Vietnam to grasp opportunities from the Trans-Pacific Partnership (TPP).
Vietnam's exports, especially agro-forestry and fisheries, will face difficulties in 2016 if the country does not drastically restructure the industry, Tran Tuan Anh, deputy minister of Industry and Trade said.
(VOV) - The UK market imports more than US$1,000 billion of goods annually and consignments from companies operating in Vietnam account for just a tiny fraction of that total, said Vietnam Ambassador to the UK Nguyen Van Thao.
Vietnamese textile and garment stocks may receive a boost after Vietnam completes free trade agreements with other countries and organisations, experts said at a recent meeting.
(VOV) - Vietnam’s garment and textile exports to the US are estimated to earn US$9.4 billion in the first ten months and are likely to reach US$11 billion this year.
(VOV) - Vietnam-Brazil trade turnover jumped 20.8% to US$2.723 billion in the January-September period and is likely to reach US$4 billion this year, according to the Ministry of Industry and Trade (MoIT).
The 15th Vietnam International Textile, Garment, and Apparel Accessories Industry Exhibition kicked off in Ho Chi Minh City on October 21.
(VOV) - Vietnam’s garment, fibre and fabric exports jumped 9.88% year-on-year to nearly US$20 billion in the first nine months of this year, according to Vietnam Textile and Garment Association (VITAS).
Vietnam could experience increasing trade deficit in the initial stage of joining into Trans-Pacific Partnership (TPP) due to higher foreign direct investment.