South Vietnam has turned a major investment destination for South Korea in recent years, with statistics from the key southern economic region showing the latter has continually been among the top sources of foreign direct investment (FDI) capital there. The investment was mainly in industries like footwear, fibre, textile, electronics and machinery manufacturing. In 2018, South Korea took the lead in investing in Dong Nai with about 40 projects worth over $234.2 million. It ranked second am

Cotton USA presented to the global home textile industry “What’s New In Cotton?”, including new innovative technologies to drive sales growth, at its booth at Intertextile Shanghai Home Textiles trade show. The leading home textile event of Asia was held from March 12-14, 2019, at the National Exhibition and Convention Centre in Shanghai, China. Pic: Cotton USA Cotton USA invited attendees to visit the booth to learn about its collaboration with leading brands and retailers around the world

At the recently concluded ‘Yarn Expo Spring’ fair in Shanghai, China, 468 exhibitors from 12 countries/ regions welcomed 28,302 visitors from 87 countries/regions, representing a 9 per cent increase in visitors. This was in comparison to 435 exhibitors from 10 countries/ regions in 2018, which saw 25,966 trade buyers from 88 countries/regions. Pic: Messe Frankfurt The fair covered 26,000 sqm at the National Exhibition and Convention Centre (Shanghai), with new exhibiting countries including

The United Nations Industrial Development Organisation (UNIDO) has launched a multi-stakeholder pilot project in Egypt, to train cotton farmers on the Better Cotton Initiative’s holistic approach to sustainable cotton production. The pilot is a part of a renewed drive in the country to increase sustainability and improve conditions for Egyptian producers. Funded by the Italian Agency for Development Cooperation, the project is implemented by UNIDO in collaboration with the ministry of trade a

China would facilitate more investment by its companies and small and medium enterprises (SMEs) in Bangladesh, according to Chinese ambassador to the country Zhang Zuo. While meeting Dhaka Chamber of Commerce and Industry (DCCI) President Osama Taseer recently, Zhang said the Embassy of China in Bangladesh will work closely with DCCI to facilitate this process. In 2017-18, China’s foreign direct investment (FDI) in Bangladesh, which has immense potential in blue and coastal economy, increase

Indian e-commerce and consumer internet companies have raised over $7 billion in private equity (PE) and venture capital (VC) in 2018, says a report by advisory firm EY. The report says majority of the funding is towards building supply chain, expanding into new segments, global expansion, acquisition or consolidation, and bringing innovative product offerings to the market. Launched recently at the IVCA Conclave 2019 in New Delhi, the report, titled ‘E-commerce and Consumer Internet Sector

Crystal International has joined as one of the new associate partners of Global Fashion Agenda. By taking part in a dynamic platform for industry players to join forces on sustainability, the Group could leverage the partnership to drive progress by working hand in hand with other companies with the same vision on a journey towards a sustainable future. Pic: Crystal International Global Fashion Agenda is the foremost leadership forum for industry collaboration on sustainability in fashion, w

Prior to the annual general meeting of the publicly traded company Lenzing scheduled for April 17, 2019, the nomination committee has proposed to appoint new members to its supervisory board. As an innovation leader in speciality fibres, Lenzing is a partner of global textile and nonwoven manufacturers and drives many new technological developments. Pic: Lenzing The company has proposed that the annual general meeting appoint Christian Bruch to serve on the supervisory board. Bruch has been

Leveraging the backbone of ABC Depot Logistics, the exclusive 3PL and procurement arm for Netease/Kaola North America, the Showcase USA Store model provides North American companies a seamless method to manage all aspects for cross border e-commerce process. The model is fully customisable, one-stop solution that helps companies launch their products in China. Pic: Showcase USA Cross-border e-commerce is dramatically transforming the way foreign brands penetrate the Chinese market. In 2018 a

The Board of Directors of Unifi has elected Albert P. Carey, currently the company’s non-executive chairman, as its executive chairman, effective April 1, 2019 and has appointed Thomas H. Caudle, Jr. as the company’s principal executive officer effective immediately. Unifi is a leader in manufacturing synthetic and recycled performance fibres. Pic: Unifi Caudle previously served as the company’s principal executive officer from April 2016 to May 2017 and will continue to serve as a director