Search Results for: Vietnamese

WHILE Vietnamese government officials define the local textile and garment industry as among the economic sectors projected to have one of the highest growth rates in the country over the next 12 years, industry observers stress that more needs to be done to ensure this happens.…

Vietnamese officials say that last year’s shock withdrawal by the US from the Trans-Pacific Partnership (TPP) has been overcome as Vietnam has in any case entered into 16 other bilateral and multilateral free trade agreements (FTAs).
This includes the forthcoming Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) – which includes all the TPP partners bar the USA, and the European Union-Vietnam FTA (EVFTA), creating numerous opportunities for textile-garment investors.…

SOUTH-EAST Asia maybe a diverse and hence complicated region in which to market personal care products, but the growth in sales in all its countries make it an attractive target for beauty brands.

The Philippines is a case in point. The gross domestic product (GDP) of this 103 million people archipelago recorded 6.7% GDP growth in 2017, and the World Bank projects it to grow further at an annual rate of 6.7% in both 2018 and 2019, before settling at 6.6% in 2020.…

THE NEWLY signed 11-member Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) could help Vietnam boost garment and textile exports to the lucrative Australian market significantly. But the Asian clothing makers may still face big challenges in taking market share in this mature market away from China, experts warn. …

The new realities of accelerating wage growth and the global shift towards placing smaller orders needs to be answered by Vietnam-based garment-makers by embracing technology-driven automation, according to ThreadSol, an India-based technology company. It supplies leading manufacturers in Vietnam with production software driven by artificial intelligence (AI) and Big Data.…

OFFICIAL projections for Vietnam’s garment and textile exports in 2018 are bright but input imports for garment and textile production were more than half of the value of garment and textile exports in 2017, highlighting the need for increased domestic sourcing, industry analysts say.…

THE VIETNAM Textile & Apparel Association (VITAS) warned that local governments in the country are not licensing textile and dyeing projects over pollution concerns. It has added in comments to Vietnamese media and that this reluctance may prevent the clothing sector from satisfying origin rules of the upcoming the Comprehensive & Progressive Agreement for Trans-Pacific Partnership (CPTPP).…

When Apple Inc released its iPhone X in November 2017, it took about a week until news broke that Vietnamese security firm Bkav cracked the phone’s revolutionary facial recognition security lock, Face ID, with a composite mask of 3D-printed plastic, silicone, makeup and simple paper cut-outs.…

VIETNAMESE textile manufacturers should invest in new machinery so they can take advantage of the incoming free trade agreement between Vietnam and the European Union (EU) say German trade and industry representatives.

Germany’s Mechanical Engineering Industry Association (Verband Deutscher Maschinen-und Anlagenbau (VDMA) expects the forthcoming EU-Vietnam free trade agreement (EVFTA) to lift Vietnamese garment exports to the EU with the help of more imported machinery to boost textile production.…

The official publication of the Communist Party of Vietnam, Nhân Dân, has urged Vietnamese enterprises to increase the product value of textiles and garments by improving human resource development programmes, adopting advanced technologies and brand development.

In an unsigned editorial published in early March, Nhân Dân criticised Vietnam’s textile and garment sector noting that while it has reached double-digit growth rates in recent years, with a total export turnover exceeding USD31 billion in 2017, the products’ added value has been low, accounting for only 5%-10% of total worth.…