Vietnam’s trade surplus reached a record high of $9.9 billion in 2019, according to the General Statistics Office’s monthly report, which revealed last year’s surplus was also the highest seen in the past four years, after $1.6 billion in 2016, $1.9 billion in 2017 and $6.8 billion in 2018.Pic: ShutterstockThe nation’s trade turnover surpassed the $500-billion mark for first time in 2019, witnessing the stronger growth of the Vietnamese-invested sector compared to foreign invested sector, accord

HP introduces new portfolio of digital textile printersPic: HPTechnology company HP Inc has announced a new portfolio of digital textile printers, HP Stitch S500 and HP Stitch S1000, to reinvent the textile printing industry in the country. These printers deliver fast, precise colour-matching, along with efficient and simplified printing processes and are designed to accelerate commercial digital print adoption…New Finnish tech for automated sorting of waste textilesFinnish recycling firm LSJH,

Global fibre production at all-time high, says reportGlobal fibre production has doubled in the last 20 years, reaching an all-time high of 107 million metric tonnes in 2018 and is expected to grow to 145 million metric tonnes by 2030, according to the Preferred Fibre and Materials Market Report 2019 released by non-profit Textile Exchange. The report measured the production of fibre and materials with improved social and environmental impacts…Resolution on natural fibres adopted at UNBangladesh

Cambodia’s ministry of commerce recently granted export rights under the preferential trading system to 78 garment, footwear and bag factories in the first 11 months of last year, according to its annual report. The ministry registered 51 such facilities from January to November, a rise of 24 per cent over 41 in the same period in 2018, the report said.Pic: ShutterstockTwenty seven bag factories were registered, an increase of 170 per cent year-on-year on the 10 registered in the same period the

After the incidents of unrest for a few years, mainly for wage hike for the 4.4 million workers, the garment sector witnessed a peaceful and stable environment in the year 2019. However, the garment sector, which typically contributes 84 percent in the national export in a year experienced a negative shipment since August.Figure 1: In 2019 the apparel manufacturers are increasing newtechnologiesand automation to catchup with the other apparel manufacturing countries.The negative trend continued

India is close to finalising a proposed India-Mauritius Comprehensive Economic Cooperation and Partnership Agreement (CECPA) with Mauritius, with seven rounds of negotiations to improve market access between the two sides having been completed, the Indian ministry of commerce and industry said recently. CECPA seeks to mutually benefit both countries.Pic: ShutterstockThe negotiations have focussed on various aspects including trade in goods, trade in services, rules of origin, technical barriers

In recent years, the global denim trade has been moving up with high growth rate. Total trade increased by 33.17 per cent from 2013 to 2019, according to data from TexPro. The global trade of denim was $8,660.67 million in 2016, which increased to $9,221.84 million in 2018. The total trade of denim has risen by 4.26 per cent in 2018 over the previous year.Pic: ShutterstockFurther, it is anticipated that the total trade would reach $12,783.48 million in 2021 with a CAGR of 3.19 per cent from 2018

Kanihama in Kashmir’s Budgam district is being developed as a handloom village, district development commissioner Tariq Hussain Ganaie told a recent meeting to review the formulation of the action plan and work distribution for the project, which has been approved by the central textiles ministry. The village is famous for Pashmina and Kani shawl weaving.Pic: ShutterstockGanaie said the village, being home to 500 Crewel and Sozni artisans who are famous for their embroidery work, is a suitable p

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) have urged finance minister AHM Mustafa Kamal to enforce a single-digit lending rate immediately instead of April 1. Top private commercial banks during a meeting with Kamal recently agreed to bring down interest rates to 9 per cent on all loans barring that on credit cards from April 1.Pic: ShutterstockBGMEA president Rubana Huq, in a letter to the minister, said the prime minister has instructed the authority to reduce the

Since 2018, KARL MAYER has been developing highly efficient technology for producing functional warp knits with electrical conductivity under the concept of TEXTILECIRCUIT and is, therefore, setting the trend in electronic wearables. The special feature of TEXTILE-CIRCUIT is that conductive yarns can be incorporated directly into the textile during the warp knitting process, and they can be positioned in any location and in any design. Functional elements, such as sensors, conductors and coils,