Vietnam’s garments and textile industry is approaching the export target of US$31 billion set for this year. Economists predict the sector will continue to prosper next year. In 2016 and early 2017, orders from Vietnam’s partner countries fell sharply. In response, domestic garment and textile enterprises have increased their investment in improved production systems, designed more competitive products, and sought new markets. As a result, by the end of the third quarter the sector had ear

Experts and trade leaders on Thursday demanded the same facilities including bonded warehouse scheme the readymade garment sector now enjoy for all other sectors to facilitate export diversification and boost economic growth of the country. Non-RMG exports ranged between $5 billion and $7 billion a year during 2013-17 but effective special bonded warehouse could have boosted the exports by $1.5 billion a year, they said. At a roundtable discussion on modernisation of SBW scheme to ensure e

Australia's economy grew 0.6 percent in the third-quarter, as business investment lifted despite weak household spending, reflecting the divergence between the two segments, official data showed Wednesday. The quarterly expansion took the annual rate of growth to a healthy 2.8 percent, slightly below expectations but broadly in line with the central bank's forecasts, the Australian Bureau of Statistics (ABS) figures showed. "The solid 0.6 percent growth outcome in the September quarter nat

Walmart has become part of the Cotton Leads programme, supporting responsible production practices by cotton growers. Walmart joins more than 480 companies worldwide which recognise the environmental gains cotton growers in Australia and the US are achieving and their commitment to meet the challenge of growing cotton through sustainable practices. “Cotton is a major ingredient in many of our apparel and home textile products,” explains Ken Lanshe, Walmart’s vice president, General Merchandi

The Confederation of Indian Textile Industry (CITI) has urged commerce and textile ministries to raise import duty on man-made fibre (MMF) yarn, cotton fabric and MMF fabrics by 15 percent to ring-fence local yarn, fabric and garment producers from the threats of cheaper import, especially from FTA nations such as Bangladesh and Sri Lanka. According to data shared by CITI, imports of cotton yarn, man-made yarn and fabric have gone up dramatically post GST from July. India's MMF yarn import

The Vietnam Textile & Apparel Association (VITAS) at a press conference in Hanoi on December 4 revealed the information that its garment-textile industry expects to rake in USD 31 billion in exports by the end of 2017, a year-on-year rise of 10.23 percent. However, with determination, the garment-textile sector has overcome difficulties to reap encouraging outcomes. The industry has applied technologies to develop corporate governance and business production, creating products with better

At lint market, demand for better lint grades kept trading firm. Leading buyers fortified their long positions by making deals for better grades of cotton at Rs 6,700-Rs 6,750 per maund, on the back of anticipated short supply of better grades during upcoming trading sessions. Demand for better grades of lint would keep quality conscious buyers make forward deals for a month’s delivery period in coming days. Buyers bought second grade of lint on higher prices during trading session in Punj

Responding to the growing need for design, development and manufacturing process optimisation, 3D digital technology innovation is gathering momentum in the apparel and footwear industry. However, in comparison to other industries adoption has been relatively slow and this can be partly blamed on the difficulties around accurate visualisation and simulation of the diverse range of textiles and materials used in this industry. 3D material visualisation for product design & consumer interac

The Egyptian government recently hosted Destination Africa to promote the continent as a new frontier for textile manufacturing, with Egypt as a regional focal point. Paul Cochrane was at the event in Cairo. Egypt is trying to develop its upstream textile capabilities to bolster exports and be part of an integrated African continent-wide supply chain, linking its cut-and-sew and quality cotton fibre base. While Egypt exported US$764m worth of fabric and yarn in 2016 according to the country’s

The US opposition to recognizing China as a market economy within the framework of the World Trade Organization (WTO) is in reckless disregard of the relevant WTO rules, and is intended to make an excuse for its trade protectionism by misleading the public. By submitting a statement of opposition to the WTO as a third-party brief in support of the European Union in a case brought by China, the United States tried to mix the concepts of the surrogate country approach and market economy status