Search Results for: Vietnamese

THE VIETNAMESE government’s Institute for Industry Policy and Strategy (IPS) has said that it will present a “review and roadmap for innovation and modernisation of textile technology” before the end of the year to speed up innovation in the sectors.

The roadmap will contain a comprehensive system of solutions including human resource training, investment promotion, preferential loans and changes to regulations of Vietnam’s National Technology Innovation Fund, a state financial institution that provides preferential loans, subsidised loan interest and loan guarantees as well as granting expenses to organisations, individuals and enterprises that carry out research, technology transfer and innovation.…

A sharp increase in imports of cars into Vietnam has underlined how this south-east Asian country of 96 million people, could become a major auto market, especially as Vietnamese drivers move from motorcycles to cars.

At present, the motorcycle is king in Vietnam.…

VIETNAM’S garment-makers have been worrying that a draft revised Labour Code will reduce their competitiveness, but four months after the draft was published there remains a strong chance it will never be enshrined in law.

The draft, which was officially submitted to the National Assembly in May 2019 for an envisioned passage in November, outlines a reduction of working hours from 48 hours per week to 44 hours which, according to the Vietnam Textile and Apparel Association, would reduce the industry’s export value by at least USD3 billion per year, as businesses would struggle to recruit workers.…

Clothing brands from the USA who are switching purchasing to Vietnam from China because of the trade war need to smarten up – and understand how business with Vietnamese trading partners differs from working with their old Chinese suppliers. “The main issue is that many US buyers expect to do business in Vietnam the way they have been doing in China, but the business culture is very different and many find it impossible to work in Vietnam because they do not understand or accept the differences,” said Frank Vossen, who runs Seditex, a Ho Chi Minh City-based based sourcing consultancy, focused on quality control. …

THE CHINESE government has from September 1 imposed 5% additional retaliatory duties on US exports of paint to China, in the latest round of the trade war between the two countries. The new tariffs cover products such as polyester, acrylic, ethylene and polyeurathane powdered paints; acrylic, polymer and vinyl liquid paints; and more – see http://gss.mof.gov.cn/zhengwuxinxi/zhengcefabu/201908/P020190823604938915640.pdf…

THE VIETNAMESE textile-garment sector has been benefitting from an impressive list of free trade agreements, but a lack of chemical engineers makes it difficult to satisfy their rules of origins. This especially applies to the European Union (EU)-Vietnam free trade agreement, whose terms were influenced by EU textile manufacturers who wanted to ensure that the deal did give a backdoor entrance to European markets for products based on China-finished fabric. …

SOUTH-EAST Asia’s beauty and personal care product market continues to grow, with more mature markets in the region demonstrating an increasing preference for natural products.

As might be expected, consumers in the wealthy city state of Singapore are especially keen to spend more money on lines with natural ingredients.…

TEXTILE and garment-makers in Vietnam need to continue investing in new technology to remain competitive and make their ability to meet growing demand sustainable, exports say. And there is concern that the capital required may be tough for small-and-medium-sized manufacturers to source.…

VIETNAMESE technical textile producers look set to capitalise on the ongoing trade war between the US and China with an increase in approaches from American automotive supply chain clients already being witnessed.

In May, the Trump regime increased tariffs on USD200 billion of imported Chinese goods, including many technical textiles and end-products made of technical textiles.…

INDONESIAN clothing and textile industry experts and the government say there is continued need to boost investment in creating efficient upstream supplies to enable the country to profit sustainably from growing demand for clothing export sales.

Textile and garment production grew 19% in the first quarter of this year (year-on-year) – but that was largely thanks to a strong performance from the clothing sector.…