DESPITE slowing exports of leather goods, Thai leather manufacturers have declined to move their production overseas, since most of them are small and medium-sized enterprises, and Thailand has high technology and advantages. Veera Lertruangpunyavut, vice president of the Thai Leather Goods Association, said manufacturers here had tried to add more innovation and technology to their production systems, not only to survive in the industry but also to ensure business growth. He said Thailand

Workers sew sportswear at a factory in Bim Son Town in the central province of Thanh Hoa.(Photo: VNA) Clothing and apparel is expected to remain the country's top export item in the foreseeable future, contributing almost 20 percent of the projected growth in total merchandise exports in the decade to 2030, according to an HSBC report. Global Trade Connection, released on June 4, said Vietnam has also built up a strong presence in the global market for telecommunications in recent years an

Vietnam’s geographical location in Asia, with good access to India, China and South East Asia, leaves it well-placed to trade with fast-growing neighbors, according to a forecast by UK-based bank HSBC. Vietnam’s fastest-growing export destinations in the decade to 2030 will be China, India and Malaysia, HSBC said in itsGlobal Connections report, which was released this week. It expected Vietnam's exports to all these markets to grow by at least 14 percent per year. HSBC's forecasts echo

The textiles ministry has launched the revamped website of handloom export promotion council, www.hepcindia.com with special focus on promoting Brand India Handloom products to buyers across the world, the ministry said in an official statement. From design to content, the entire website has been revamped to make it more user-friendly and interactive. This would enable buyers across the world to better understand and appreciate the unique value proposition of Indian handloom products. The web

Huntsman Textile Effects, a division of Huntsman Corporation and a leading manufacturer of dyes and textile chemicals, is increasing its footprints in Vietnam. Its latest venture is a bonded warehouse near Ho Chi Minh City which will open later this month. The new facility is part of Huntsman’s efforts to address critical business challenges and collaborating with mills and brands in order to drive sustainable growth and create value in Vietnam’s textile industry. To help customers stay ah

Indian textile manufacturers face the pressure of cheap import of synthetic yarn from China. They blame the 12.5 per cent excise levy on the product for not being able to compete in price, and have urged the government to remove it. In the first 11 month of 2014-15, staple fibre import rose to $197 million as compared to $149 mn in the same period of 2013-14, showed data compiled by the Synthetic & Rayon Textile Export Promotion Council (SRTEPC). In the past two years, Chinese cost of

Imposinghigher duties on apparel exports from Bangladesh to the US is not only inhuman, but also an injustice, as the US government receives lower tariff from other developing and developed countries, a UN official said. Not only is the US imposing higher duties on Bangladesh at 16.72 percent, it also did not stand beside the nation after the Rana Plaza building collapse, the deadliest industrial accident that took the lives of more than 1,130 workers in 2013. “Rather, as a punishment, the

National Standards Committee approved the release of mandatory national standards "infants’ and children’s textile product safety technical specifications" (GB 31701-2015) on 26th. This is the first mandatory national standards specifically for infants’ and children’s textile products (children’s wear). The standard will be formally implemented on June 1, 2016. The new national standard will be divided into two parts including infant textile products suitable for children aged and under 36 mo

Leaders of the readymade garments and backward linkages in Bangladesh have hailed the national budget for 2015-16 as "business friendly", but demanded withdrawal of income tax at sources from the sector, the Bangladeshi media has reported. "As a whole the new budget is business friendly, but we can't recognize it as textile friendly due to the unexpected taxation in the RMG and textile sector," Bangladesh garment manufacturers and exporters association (BGMEA) president Atiqul Islam told repo

New Zealand, the world's largest exporter of crossbred wool, is heading for its smallest annual wool clip in six years. The national clip is likely to see further decline in the upcoming season starting in July, falling to around 810,000 bales, according to Christchurch-based New Zealand Wool Services International, a unit of Australia's Lempriere and the nation's largest wool scourer and exporter. It is reflecting the lowest sheep flock in more than 70 years, dry conditions and an increased