On April 16 at midnight, Crescent Mall in Phu My Hung new urban area in district 7, HCM City was still open. At Gap, Calvin Klein and Marks & Spencer shops, shopaholics tried to hunt for the things they liked at the Midnight Sale, an important event which lasts only one day. By 2017, Vietnamese branded goods market may reach $2.7 billion in value, according to Euromonitor International. This was the third time the shopping mall organized a sale promotion campaign in which the sharp d

Though passage of the Trans-Pacific Partnership (TPP) trade pact is bogged down in the US and most certainly not assured, many companies with stakes in Vietnam textiles have begun making investments as if it were already in full force. “These moves suggest how much the business community expects the clothing industry in the country to benefit from passage of the trade accord,” says Dr Tran Thi Minh Huong from the National Economics University. Dr Huong says one of the lesser understood pro

An Ethiopia investment promotion conference, held in Wuxi on May 5, drew around 150 Wuxi companies, especially those in the textile industry, according to the Wuxi government. Ethiopia, with a stable political situation, is the fourth largest economic entity in Africa. Water, electricity and gas are in abundant supply and its labor costs are lower than Wuxi's. The industrial development in Wuxi and Ethiopia are complementary. In particular, Ethiopia is able to meet human resources needs of

CHINA’S exports rose sharply slower while imports fell by a wider margin in April month on month amid a still weak recovery momentum. Exports in yuan-denominated terms rose 4.1 percent year on year last month to 1.13 trillion yuan (US$174 million), slower than the 18.7 percent jump in March, data from the General Administration of Customs showed yesterday. Imports fell 5.7 percent year on year to 827.5 billion yuan, falling for the 18th straight month and the drop widened from the 1.7 perc

The country's readymade garment exports reached $1.609 billion in the last nine months of the current fiscal year, up by over four percent, official figures say. According to Pakistan Bureau of Statistics, the readymade garment exports witnessed an increase of $64.922 million in July-March period of FY16, which stood at $1.544 billion in the same period last fiscal year. The readymade garment exports volume grew by two percent or 361,000 dozens to 23.472 million dozens from 23.111 million dozens

All Pakistan Textile Mills Association (APTMA) has sought exemption from additional anti-dumping duty on the import of specialty polyester fibre which is not being produced domestically as additional duty is limiting the textile industry from product and market diversification. The association sent its request to Commerce Minister Engineer Khurram Dastgir Khan who is also looking after the parliamentary business of Ministry of Textile Industry. Senate Standing Committee on Commerce has recom

The new SATEC textile factory under construction in Dondo, Cambambe municipality, northern Cuanza Norte province, as part of a public-private partnership around USD400 million have been spent on the construction works. The chairman of the board of directors of the Angolan business group "Mainhia Yeto", in charge of the work, Matos Cardoso released the information on Friday that the aforementioned amount was used in the construction of infrastructure and purchase of equipment for the project,

The Woolmark Company's new wool resource centre in Hong Kong Global authority on wool, The Woolmark Company opened a new resource centre in Hong Kong to disseminate sourcing information, market intelligence and technical innovations on Australian Merino wool to designers, garment makers, wool growers, retailers, spinners, knitters and students. The resource centre will also conduct seminars and training workshops on the potentials of Australian wool. It will house a showroom, a library an

During the trading session at cotton market, buyers purchased fine grade lint on slightly higher price at around Rs5,000 per maund to Rs5,525 per maud. Around 300 bales changed hands, said floork brokers. The Karachi Cotton Association (KCA) spot rate remained firm at Rs 5,650 per maund. According to a senior trader, Ghulam Rabbani, buyers and sellers remained entangled in price war on second grade stuff and buyers bought grade at around Rs 5,375 per maund to cater their immediate need.

China's cotton reserve sales which begins tomorrow, are likely to impact the country's imports and stocks, the Washington-based International Cotton Advisory Committee (ICAC) has said in a press release. The Chinese government announced its plan for auctioning cotton from its reserve last month. Sales will begin on May 3 and run through the end of August, immediately before the harvest of the 2016-17 domestic crop. Although sales are beginning in May this season, the Chinese government exp