Search Results for: Vietnamese

VIETNAM is working hard to develop an upstream parts manufacturing base, but this goal is proving hard to achieve and meanwhile, regional liberalization through the Association of Southeast Asian Nations (ASEAN) is threatening the country’s auto assembly segment.

In many ways, it is crunch time for Vietnam’s auto sector.…

Vietnam has an amendment to its criminal code under way that would make the crime of illegal dismissal of employees punishable with a jail term of up to one year. That textile executives could be affected by this draconic measure has followed the Vietnam government adopting a policy principle of “piercing the corporate veil” on January 1 this year.…

THE EUROPEAN Chamber of Commerce in Vietnam (EuroCham) is predicting that trade in clothing and textile products between Vietnam and the European Union (EU) will grow significantly once the free trade agreement struck between the two jurisdictions comes into force next year (2018).…

One month after staunch free-trade opponent Donald Trump became US President there are many policy decisions still to be confirmed and clarified to get a full idea of the impact his presidency will have on the trade in technical textiles. His accession comes during an unstable time for international trade – it is arguably even less clear how the UK’s planned exit from the EU will work out for the sector.…

AS the Vietnamese textile sector gets closer to a potential export boom triggered by the near-certain ratification of the European Union (EU)-Vietnam free-trade agreement in 2018, business advocates in Hanoi have called for a loosening of machinery import restrictions.

Notably, the textile industry has been urging the Vietnamese government to amend its ministry of science and technology Circular No 23, issued in 2015, on the import of used machinery, equipment and manufacturing lines.…

As US President Donald Trump on January 23 pulled America out from the Trans-Pacific Partnership (TPP) with an executive order, he signalled he will instead ask Asian TPP members for bilateral free trade agreements (FTAs). This includes countries such as Vietnam that rely on apparel and textile exports.…

IT will take at least one entire generation before Cambodia can fill a serious gap in the country’s skilled and professional labour force, an industry expert has warned – the problem dates to the Khmer Rouge dictatorship, whose brutal Marxists massacred educated Cambodians.…

THE US Fashion Industry Association (USFIA) has called on the new American administration of President Donald Trump to work hard to negotiate new bilateral trade deals with Asian markets now he has formally pulled his country from the Trans-Pacific Partnership (TPP) trade deal.…

As US President Donald Trump has been wasting no time carrying out his campaign pledges to undo long-standing American trade ties, the Asian apparel industry and the US retailers it supplies have ample reasons to be on edge.

Signs are particularly worrisome for apparel players sourcing from Vietnam, a member of the Trans-Pacific Partnership (TPP), the unratified 12-nation deal that will now not include the USA after Trump extracted America from its commitments via a January 23 presidential memorandum.…

Textile and garment makers in Vietnam are overcoming the initial shock of US president-elect Donald Trump in late-October making clear he would issue an executive order to pull out of the Trans-Pacific Partnership (TPP) the day he takes office.

Vietnam, as one of the 12 TPP signatory countries, had been expected to gain greatly from the trade deal, as its garment exports would have earned 0% tariff treatment in the US market compared to a current average of 32%.…