Local producers have been able to ensure material supply for denim production, with localization rate in denim trousers reaching 55 – 60 percent, said Vice General Secretary of Vietnam Textile & Apparel Association (VITAS) Nguyen Thi Tuyet Mai.
Vietnam’s total garment-textile export turnover was estimated at 14.5 billion USD in the first five months of 2019, a year-on-year rise of 9.11 percent.
A project is being implemented in Vietnam to improve the eco-friendliness of the local textile-apparel industry, which is a big foreign currency earner of the country but also has considerable impact on the environment.
Vietnam’s garment and textile sector is set to expand its market share globally, taking advantage of free trade agreements (FTAs) to become “a manufacturer of the world's established brands”, a trade and investment official has said.
Vietnam's yarn industry faces many challenges in production and export, especially to China, one of the largest export markets for local yarn products, according to experts.
More than 30 leading Vietnamese producers of garments, textiles, handicrafts and fashion accessories will be showcasing their products at one of Asia’s largest exhibitions to be held in Hong Kong at the end of this month.
The textile and garment industry, aiming to take advantage of free trade agreements (FTAs) with a focus on green manufacturing, is upbeat about earning 60 billion USD from exports by 2025.
The Global Textile and Apparel Supply Chain Conference (TASCC), the first of its kind in Vietnam after 11 previous editions in China, took place in Ho Chi Minh City on April 11.
Recommendations were given to Vietnamese textile-garment businesses at a workshop in Ho Chi Minh City on April 10 to help them develop strategies for sustainable development.
Saigon Tex & Saigon Fabric 2019 kicked off in Ho Chi Minh City on April 10.
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is expected to help Vietnam continue speeding up its reforms in order to tap opportunities and deal with challenges from the deal.
The country’s textile-garment export turnover reached 4.89 billion USD over the past two months, up 19 percent year-on-year, according to the Ministry of Industry and Trade (MoIT).
Vietnam’s textile and garment sector is hoped to make breakthroughs in 2019 based on successes and momentum last year.
The Vietnam Textile and Apparel Association (VITAS) has set the industry’s export turnover target this year at 40 billion USD, a 10.8 percent year-on-year increase from 2018.
The Ministry of Industry and Trade has issued Circular No 03/2019/TT-BCT stipulating the certificates of origin (C/O) rules in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
Vietnam’s textile and garment sector is hoped to make breakthroughs in 2019 based on successes and momentum last year.
Vietnam has become increasingly appealing to large foreign investor groups in the textile and garment industry who want to seize opportunities before the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) takes effect in January next year, according to analysts.
The garment-textile sector has grossed over 36 billion USD in export turnover this year, up 16.01 percent against the previous year, heard a conference in Hanoi on December 14.
