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Garment Textile

Garment sector tops nation’s exports

Garment and textile exports jumped 11.1% on-month in July to US$2.1 billion, surpassing the telephone sector as the nation’s leading export industry, reports the Ministry of Industry and Trade (MoIT). According to the Ministry’s latest statistics, garment and textile exports outpaced the telephone sector by US$ 0.5 billion. In the …

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FTA with EU would boost exports

The Vietnam-EU Free Trade Agreement is expected to be signed by October will bring “win-win” opportunities of success for both sides’ business communities, delegates told a forum organised in Ho Chi Minh City on May 13. The EU continued to be the most important market for many key exports of …

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Enterprises urged to prepare for TPP

Vietnamee small and medium sized enterprises (SMEs) lack preparedness to cope with cross-cutting issues posed by the Trans-Pacific Partnership (TPP) and need changes in management and production methods to more effectively compete after the pact comes into effect. The National Assembly Committee for Economic Affairs has approved Vietnam’s participation in …

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Potential for HCM City-Mongolia textile cooperation

Deputy Head of the Mongolian Ministry of Agriculture and Industry’s Department of Light Industry Policy Enforcement, Regzenda Sandag, highlighted links between HCM City and the Mongolian textile industry as a key target. At an April 16 recent seminar on trade exchange between Vietnamese and Mongolian businesses in HCM City, Regzenda …

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State to keep stake in equitised SOEs

Leaders of State-owned enterprises (SOEs) have pledged to implement schedules for equitisation of enterprises by 2015 in accordance with the Government’s announced plans. However, they still expect the State to be themajority shareholder in the enterprises. Many SOEs said they have promoted implementation of steps to equitise the enterprises as …

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Supply chain key to textiles growth

Vietnam can significantly increase export of garment and textiles if it joins bilateral free trade agreements and multilateral ones like the Trans-Pacific Partnership, but only if it can set up a robust supply chain. The problem has dogged the industry for nearly 20 years but remains unresolved despite local firms’ …

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Promising trade cooperation between Vietnam and Germany

The Germany Business Association (GBA) has reported Germany is now Vietnam’s largest trade partner in Europe, with 250 companies investing as much as US$1.1 billion in the country. President Elmar Dutt said the GBA together with German Industry and Commerce Vietnam (GIC/AHK) has actively contributed to stimulating Vietnam’s economic growth …

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Manufacturing sector grows in September

The Hong Kong and Shanghai Banking Corporation (HSBC) has reported Vietnam’s September Purchasing Managers’ Index (PMI) rose above the 50.0 neutral reading to 51.5. The PMI is a composite indicator offering a snapshot of the manufacturing industry’s operating conditions. September’s 51.5 improves on August’s 49.4 and is the best reading …

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