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Vietnam eyes $34 bn garment export
Vietnam’s textile and garment industry has targeted a year-on-year increase of 10 per cent in export value to $34 billion in 2018 despite difficulties in markets at home and abroad, according to Le Tien Truong, General Director of the Vietnam National Garment and Textile Group (Vinatex). He recently reported Vinatex’s performance at a meeting in Hanoi.
Textile export from Vietnam to hit $31 bn
Despite facing difficulties, the garment and textile sector in Vietnam is expected to export products worth $31 billion this year, a year-on-year increase of 10.2 per cent, and the outlook is bright for next year too, the Viet Nam Textile and Apparel Association (VITAS) has said.
Texfair 2017 in Coimbatore ended on an optimistic note with the textile industry looking forward to a happier 2018.
With more than 50,000 small, medium and large-scale industries and textile mills in an around Coimbatore and Tirupur, an event as big as Texfair, which focuses on textile machinery, accessories and spares, is a must for the Southern market of India. In its 11th edition, Texfair 2017, organised by the Southern India Mills’ Association (SIMA), provided a platform for the stakeholder to zero in their investments and expenses prudently, showcase their inventions and cost effective items and other products, enable the technocrats and shopfloor technicians to update their knowledge on the latest technology and create an awareness on cost cutting, to encourage micro, small and medium entrepreneurs also to showcase their products and get exposure to the market. Texfair 2017 was held from November 17-20, 2017 at Codissia Trade Fair Complex, Coimbatore.
TMAS office in Vietnam
TMAS, Textile Machinery Association of Sweden, has established a local office in the 7th district of Ho Chi Minh City. Heading the office is Tran Phuoc Thanh, Business Development Representative for TMAS in Vietnam.
Tiruppur goes for jute products
Tamil Nadu’s garment production hub Tiruppur has now turned to jute products from cotton. Using a 49-day training offered by the National Jute Board (NJB) in collaboration with the National Institute of Fashion Technology-Tirupur Exporters Association (NIFT-TEA) College of Knitwear Fashion,etc.
US withdrawal from TPP still hurting Vietnam
A number of yarn, weaving and dyeing projects in Vietnam have restarted after a period of postponement due to the US withdrawal from the Trans-Pacific Partnership (TPP). However, the textile & garment industry still faces difficulties.
Garments export soars by 25%
After a 3-month declise in a row, ready-made garment (RMG) exports soared by 25 per cent in rupee terms and 30 per cent in dollar terms in September. But exporters say this will not be sustainable since government policies are not favourable.
India at African Sourcing & Fashion Week
Ethiopia very recently showcased its prowess in textile and garment industry at the African Sourcing and Fashion Week, which gathered some 230 international producers and exporters from 25 countries, among which India also played a key role, the organisers Trade and Fairs East Africa and Messe Frankfurt said.