Many large foreign firms have entered Vietnam’s garment and textile sector with an eye on export opportunities the Trans-Pacific Partnership is expected to bring. Jiangsu Yulun Textile Group of China recently got a license for a US$68-million textile, dyeing, and yarn plant in an industrial zone in Nam Dinh Province near Hanoi, Thoi bao Kinh te Saigon Online reported. Industrial zone managers said the factory would go on stream in the middle of 2016 and produce 9,816 tons of yarn and 21.6

Rupee appreciation, less orders from China, dumping of Indian yarn and 2%-17% tax on textile exports may exert pressure on textile sector in the coming months. PHOTO:FILE The textile industry – the largest export-oriented sector of the country – has posted a strong double-digit growth in the first half (Jul-Dec 2013) of fiscal year 2013-14 (1HFY14). According to a report compiled by Topline Securities, growth in the industry was witnessed because of improved demand and stable yarn margins

Textile- Apparel Sector Value Chain has over 10 Crore people already associated with it and in the past 3 Quarters alone over 1 lakh jobs- were added in the sector despite the slowdown of manufacturing sector and employment market. Apparel sector provided the bulk of the additional jobs. In the next 5-7 years the industry has the capacity to provide employment to over 50 lakh to 75 lakh people. The focus is to provide rapid vocational training & make available skilled youth & women t

Vietnam’s garment and textile sector now considers the Middle East a promising market as it is facing product origin requirements from traditional markets like the US and the EU. According to the Vietnam Textile and Apparel Association, there is an increasing demand for products, especially gowns, shirts, jeans and kids ready-made garments from the Middle East over recent years. Experts say products from Vietnam enjoy a favourable condition as they can be shipped directly to the region b

Leading economists have forecast a healthy 10% increase in Vietnam’s garment and textile exports for 2014 to US$23 billion. However, the National Garment and Textile Group (Vinatex) cautions that a number of thorny problems, particularly those dealing with the procurement of raw materials, must be overcome if such an optimistic outlook is to be achieved. The sector is overly dependent on the importation of raw materials to meet its production quotas, which adds significantly to its produc

Yulun Jiangsu Textile & Garment has got the investment certificate on a fiber production, textile and dying factory to be located in Bao Minh Industrial Zone in Vu Ban district of Nam Dinh province, capitalized at $680 million. According to the Nam Dinh provincial Industrial Zone (IZ) Board of Management, the factory, covering an area of 8 hectares in Bao Minh IZ, would become operational from mid-2016. A Hong Kong investor has expressed the intention of developing a textile and garmen

The exports of apparel and clothing accessories from Philippines surged by 45.71 percent year-on-year to US$ 145.445 million in January 2014, according to the data released by the Philippines Statistics Authority (PSA). The share of garments and accessories in the Philippines’ overall exports also increased to 3.32 percent in January 2014, compared to the share of 2.61 percent in December 2013 and 2.49 percent in January 2013, the data showed. During the month, Philippines also exported ya

Tod’s Group announced that its sales totaled 967.5 million euros (1,344.9 million dollars) in fiscal year 2013 witnessing over 0.5 percent growth over last year. It has confirmed the 2.7 euros (3.75 dollars) dividend per share. In the fourth quarter of 2013, sales amounted to 214.9 million euros (298.7 million dollars), up 0.8 percent from the same quarter of 2012. Diego Della Valle, Chairman and CEO of the group, said, “The group’s 2013 results confirm the positive path of international grow

The Karachi Cotton Association (KCA) revised down its cotton spot rate by Rs100 per maund to Rs6,750 per maund on Thursday after cotton markets failed to improve trading activities, a dealer said. “Cotton markets failed to pick up trade activities, while price of the commodity also fell significantly in recent days. The situation convinced the KCA to revise down its cotton spot rate,” a broker at the Karachi Cotton Exchange said. Fort Abbas market was the only station in the country, which repor

These small exporters are penetrating markets where once China was a leading player in fabric exports. PHOTO: FILE As demand continues to grow, Crescent Cotton Mills has started helping small loom owners increase their capacity in an effort to fulfil international market requirements. The management at Crescent Cotton Mills is providing technological up gradation to small factory owners of Faisalabad along with easy access to export orders from the international market. In Faisalabad,