The exports of readymade garments from Nepal increased by a sharp 52.8 percent to Np Rs. 3.615 billion (US$ 37.633 million) during the first eight months of the ongoing financial year that began on July 16, 2013, compared to exports of Rs. 2.366 billion during the corresponding period of the previous fiscal, according to the figures released by the Trade and Export Promotion Centre. Woolen carpet exports fetched Rs. 4.801 billion during the eight-month period, showing a rise of 36.1 percent o

Employees are seen working at a footwear manufacturing plant in Ho Chi Minh City in this file photo. Tuoi Tre News Vietnam will surpass all other ASEAN nations to become the largest exporter to the U.S. next year, the American Chamber of Commerce in Vietnam has predicted. Vietnam currently stands behind Malaysia and Thailand in terms of export turnovers to the U.S., the AmCham said in a report released last weekend. Vietnam will take over the top position in 2015, the report stated. In

Two key export industries - textile and garments as well as leather and footwear - have posted significant gains in the first four months of the year, according to the Ministry of Industry and Trade (MoIT). The ministry said textile and garment firms had enjoyed a year-on-year increase of 20 per cent in export value to US$5.9 billion. Le Tien Truong, deputy general director of Viet Nam Textile and Garment Group (Vinatex) said many enterprises had export orders until the third quarter and a

For Liu Qiongying, her initial motivation for making shoes was simple -- to design a pair for herself. "Being short, I was desperately in need of a pair of high heels to attend my friend's birthday party, but I searched all the stores in our town and found only disappointment," Liu recalls of her experience 20 years ago. "I told myself: if you can't find an ideal pair, then make one." Coming home after the party that night, Liu began work on her own ideal high-heeled shoes, a project that

Textile sector posted a decline of 9 percent in earnings during first nine months of this fiscal year (Jul-Mar of FY14) due mainly to appreciation of Pak rupee against the dollar. The overall decline in profits has been attributed to massive drop in earnings during third quarter of FY14 as PKR surged by 6 percent versus the US unit during the period, eroding yarn margins and weak textile exports which declined by 1.1 percent. Topline Securities has conducted an analysis, which is based on li

Around 60 percent of the US$ 3.27 billion worth Sri Lankan exports to the EU made in 2013 were apparel, according to Sri Lanka’s Minister of Industry and Commerce Rishad Bathiudeen. Addressing the second EU-Sri Lanka Trade Dialogue at a hotel in Colombo, Mr. Bathiudeen said, “In 2013, sixty percent of our exports to EU were apparel. The relationship built on apparel trade has become a strategic partnership with major buyers in the EU.” “Today, Sri Lanka has become a value creator to its st

Reacting on the apparel exports data, for the month of April 2014-15, Mr. Virender Uppal, Chairman AEPC, remarked, “This is the first month of the 2014-15 and Apparel Exports have recorded the growth of 14.33% compared to the April month of last financial year. The export for April 2014-15 is to the tune of US $ 1.3 billion compared to US $ 1.1 billion in the 2013-14 over April month of the previous year.” Appreciating the role of garment exporters Mr. Uppal stated that, “Indian garment manu

Country's cotton yarn exports for 2013-14 are expected to be around 1,350 million kgs valued at $4.70 billion. A study conducted by the Cotton Textiles Export Promotion Council (Texprocil) has said that India's cotton yarn exports are meeting their targets, in spite of seasonal fluctuations generally witnessed every April and high raw cotton prices. Statistics by Texprocil show that India exported 1,082 million kgs of cotton yarns valued at $3.75 billion in the first 10 months (April-Janua

Since the collapse of Rana Plaza building in April last year, a total of 174 readymade garment factories had been closed down due to lack of orders and non-compliance with the rules. Of the total, 30% factories were subcontractors, according to Bangladesh Garment Manufacturers and Exporters Association. At least 95,000 workers, mostly women, were thrown out of work following the closure of the garment factories. Of the total, around 15% had been able to manage jobs and the rest had to go b

The amount of investment from Hong Kong within three years has increased by more than US$ 589 million while the majority of funds flow to the production operated under the piecework system. Within three years under the new government’s term from the fiscal years 2010-11, 2011-12, 2012-13, Hong Kong investment rose from more than $ 5.9 billion in the fiscal year 2010-11 to more than US$ 6.5 billion in the fiscal year 2012-13, a net rise of $589 million, according to the Directorate of Investm