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2016 – Winners and losers

RETAILERS & BRANDS

WINNERS

US-based sportswear brand Under Armour delivered its 26th consecutive quarter of 20%-plus revenue growth in the third quarter of 2016, with sales increases across all divisions. Net sales were up 22% in the third quarter to USD1.47bn.…

HUMAN resources specialists are advising Vietnam’s government and private sector to get smarter over their personnel policies if it wants to maintain the productivity improvements that have helped pull this southeast Asian country out of poverty.

A report released in October (2016) by the Institute of Chartered Accountants in England and Wales (ICAEW) on the issue has cited research from the International Labour Organisation (ILO) to highlight Vietnam’s strong record: the report notes that Vietnam’s productivity grew 184% from 1991-2012, far surpassing Thailand’s 85%, Singapore’s 81% and Malaysia’s 80% growth over the same period.…

Meat and Livestock Australia (MLA), the Australian meat sector’s development organisation, has welcomed the first large-scale Vietnamese agricultural investment in its country – a Australian dollar AUD18 million (USD13.6 million) cattle station buy by An Vien Pastoral Holding and Agriculture Company in the Northern Territory.…

While the Trans-Pacific Partnership (TPP) had made the future of textile manufacturing in Vietnam look rosy in much of 2016, Japanese businesses eyeing investments in this south-east Asian emerging market do not seem to fear the trade deal’s likely demise under United States President-elect Donald Trump.…

Vietnam’ clothing and textile industry has been assessing the impact of losing an anticipated huge garment export boost under the Trans-Pacific Partnership (TPP) now that US president-elect Donald Trump has promised to sign an executive order pulling out of the 12-nation trade deal.…

Vietnam’s National Salary Council may have increased the country-wide minimum wage by the smallest proportion in a decade of such rises (7.3% for 2017), but the country’s clothing manufacturers are still warning this is a hike too far.

The Vietnam Textile & Apparel Association (VITAS) has opposed the increase.…

THE ASIA-PACIFIC region has been regarded as the workshop of the world for most of the 21^st century, and this is especially true for the technical textile sector, where output has continued to grow, partly fuelled by growing regional demand.…

A slowdown in liberalising Myanmar’s construction industry so far this year has not soured the positive outlook of paints and coatings companies on this emerging market’s potential, according to industry experts.

Few new construction projects have come online in 2016, as the market works to digest the surplus of units begun during a boom following the 2011 transition to civilian rule, which was finally completed in March (2016).…

The Vietnamese textile sector may face challenges thanks to a newly approved national minimum wage, industry insiders say, with specialists suggesting different rates for higher skilled workers in upstream suppliers, but other worrying about a loss of competitiveness in clothing manufacturing.…

THE UNITED States Fashion Industry Association (USFIA) has predicted that Vietnam’s position as a key supplier of clothing, and hence a buyer of textiles, will remain strong, even if the USA fails to ratify the Trans-Pacific Partnership (TPP) trade deal. According to the 2016 USFIA Fashion Industry Benchmarking Study, 70% of respondent companies said they will increase sourcing from Vietnam in the next two years if their sourcing volume from China decreases.…