VietNamNet Bridge - The textile & garment export turnover in the first 10 months of the year reached $25.15 billion, an increase of 17.1 percent compared with the same period last year, partly due to the trade war between the US and China, according to the Ministry of Industry and Trade (MOIT). The textile & garment export turnover is on the rise The US continues to be the biggest export market for Vietnam, bringing about 50 percent of total export turnover. MOIT confirmed that exports increased sharply partly thanks to the trade war as orders left China for Vietnam. Vietnam is expecting rapid growth rates in the export of textiles and garments, which will see the biggest benefits from the US-China trade war. The Chinese yuan is depreciating against the US dollar and against the Vietnam dong as well. This allows Vietnamese enterprises to import fabric and input materials from China at lower prices. Meanwhile, Vietnam can obtain bigger market share in the US as … [Read more...] about Can Vietnam’s textile & garment industry benefit from the trade war?
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A series of international expos will showcase the latest technologies and equipment for textile, garment, and footwear to promote Vietnam’s key export industries. Four international expos will be held under the same roof in Ho Chi Minh City The 18th edition of Vietnam International Textile & Garment Industry Exhibition (VTG) will take place at the same time as Vietnam International Textile & Apparel Accessories Exhibition (VitaTex) on November 21-24 at Saigon Exhibition & Convention Centre (SECC) in Ho Chi Minh City. The Vietnam International Footwear Machinery & Material Industry Exhibition (VFM), and the eighth Asia International Dye, Pigments, and Textile Chemicals Exhibition (INTERDYE ASIA 2018) will also be held concurrently. According to the organiser, the Vietnamese textile and garment industry had an outstanding first half this year, as the production and export turnover of the industry ranked among the world’s top five. The export turnover … [Read more...] about International textile garment and footwear expo fiesta
At an exhibition showcasing textile-garment materials and machines (Photo: VNA) HCM City (VNA) – A series of international trade fairs for the garments and textiles, as well as footwear sectors are scheduled to take place at the Saigon Exhibition and Convention Centre in Ho Chi Minh City on November 21-24. The events will be jointly held by the Vietnam National Trade Fair & Advertising Company (VINEXAD), the Yorkers Exhibition Service Vietnam, and the Guangdong Sewing Equipment Chamber of Commerce, among others, with the support of the Vietnam Cotton and Spinning Association (VCOSA), the HCM City Association of Garment and Textiles (AGTEK), and the China Sewing Machinery Association (CSMA). VINEXAD Director Pham Dang Khanh said the trade shows include the 18th edition of the Vietnam International Textile & Garment Industry Exhibition (VTG 2018) and the Vietnam International Textile and Apparel Accessories Exhibition (VitaTex). The Vietnam International Footwear … [Read more...] about Int’l textile-garment, footwear fairs slated for November
An automatic fabric cutting machine on display at the expo. - VNA/VNS Photo Trần ViệtViet Nam News HÀ NỘI — The Hà Nội Textile & Garment Industry – Fabric & Garment Accessories (Hanoitex 2018) opened on Wednesday in Hà Nội. The three-day expo co-organised by the Việt Nam National Textile and Garment Group (Vinatex) and CP Exhibition Hong Kong has attracted more than 100 companies and suppliers from 15 countries and territories such as China, Germany, Hong Kong, India, Indonesia, Korea, Italia, Taiwan and Malaysia. The expo is showcasing modern machinery, equipment, chemicals and the latest technologies in the textile and garment industry. Deputy Minister of Industry and Trade Cao Quốc Hưng said that the Fourth Industrial Revolution was having significant impacts on the textile and garment industry, and urged companies to make changes and invest in new technologies and staff. Hanoitex 2018 is an … [Read more...] about Textile, garment industry expo opens in Hà Nội
SaigonTex features new textile-garment equipment Hung Le Brother equipment is on display at SaigonTex 2018 in HCMC - PHOTO: HUNG LE HCMC – Lots of new machinery and equipment for textile-garment firms are on display at the Vietnam International Textile and Garment Industry Exhibition 2018 (SaigonTex 2018) which kicked off in HCMC on April 12. The event features more than 900 firms from Belgium, Canada, China, the Czech Republic, France, Germany, Hong Kong, India, Indonesia, Italy, Japan, South Korea, Macau, Malaysia, Pakistan, the Netherlands, Singapore, Sweden, Switzerland, Taiwan, Thailand, Turkey, the United Arab Emirates, the UK, the U.S., Uzbekistan and Vietnam. Vietnam is one of the world’s largest suppliers of textiles and garments, so it is a potential market for foreign firms. According to organizers, SaigonTex 2018 is being attended by manufacturers of the latest automatic fabric analysis systems, CAD systems, automatic fabric spreading machines, … [Read more...] about SaigonTex features new textile-garment equipment