Vietnam has achieved from its garment and textile exports USD 6.84 billion in the first quarter of this year, 11.2 percent more than in the same period last year, according to the Vietnam Textile and Apparel Association (VITAS). First quarter figures appear to support this expectation of touching its export earnings target of over USD 30 billion set, seven percent growth over 2016. VITAS has urged enterprises to optimise the capacity of their equipment to reduce production costs and seek orde

Pakistan witnessed growth in towel exports by 15.78 percent during month of March, 2017 as compared the exports of the corresponding month of the last year. However, during first three quarters of current financial year exports of the towel from the country decreased by 3.18 percent as was recorded at 132,723 metric tons. According the data of Pakistan Bureau of Statistics, about 15,325 metric tons of towels worth US$ 70.354 million exported in month of March. During the period from July-Marc

Demand for US cotton was revised upwards in April relative to March, thanks to stronger-than-expected exports. Predicted cotton exports from August to July 2016/17 were revised upwards by the United States Department of Agriculture to 14 million 480lb bales from 13.2 million 480lb bales estimated in March. Demand from the domestic market remained at 3.34 million 480lb bales. Most recent estimates suggest the supply of cotton in the US will be 21.04 million 480lb bales – 81.9% of total supply

A man works at a small fabric factory at Kanglecun, one of the urban villages in Guangzhou on February 29, 2016 in Guangzhou, Guangdong province.[Photo/VCG] Of the 31 provinces, municipalities and autonomous regions that have released their GDP for the first quarter, a total of 22 saw their GDP exceed the national average growth rate of 6.9 percent, Beijing Youth Daily reported. Four regions witnessed their GDP top more than one trillion yuan ($145.14 billion) in the first quarter. East Ch

THE State Administration of Taxation today released a batch of 40 guidelines of taxation issues in countries along the Belt and Road initiative to facilitate outbound investment of Chinese companies. The guidelines aimed to familiarize investors with policies in investment destinations, prevent taxation risks, and promote healthy development of companies overseas, the SAT said in a statement. Put forward by President Xi Jinping in 2013, the Belt and Road initiative aims to build a trade an

Farmers are likely to increase acreage under cotton, resulting in higher output going forward, as the crop has been able to fetch relatively higher prices in 2016-17 and is expected to sustain remuneration levels in the current fiscal. However the demand for cotton, especially by mills, is also rising and is likely to result in a consistent fall in year-end stocks of cotton, according to the International Cotton Advisory Committee (ICAC). The total area under cotton globally will rise by

Having recovered from a slight downward turn in capacity following the recession, the US nonwovens sector has returned to a healthy level of growth and an improved economic outlook, coupled with ever-increasing applications for engineered fabric products. This indicates ongoing improvements in production and sales figures, experts say. Overall US nonwoven production annual average growth stood at 3% over the period 2005-2016 (which includes recessional years) – outstripping capacity growth (2

The EU and Vietnam have reached an agreement on a free trade deal that will remove nearly all tariffs on commerce between the two economies and contribute to further market access, albeit with long transition periods for certain products. Although most economic experts believe that the deal concluded and set to come into force in 2018 is a good agreement, they also note that there are many issues that find the pact out of tune with today’s business reality. Most notably the terms call for

With mid-range prices, and a design center and workshop in Brazil, Vascara has great advantages in the Vietnamese market. As the brand has become better known to youth in Vietnam, Vascara has opened over 80 shops in large cities and provinces. More and more 100 percent Vietnamese brands have appeared in the market recently. However, the investors prove to be wise enough to give ‘western’ names to their brands, such as Dolly, Juno, Sablanca, Bejo, Mirrabella, Hodono and Evashoes, to avoid repe

Hinting that the textile industry is expected to have an uniform GST rate, Union Textile Minister Smriti Irani on Friday said that a conference will be held soon to decide on the issue. Responding to pleas at a meeting of textile industries associations and stakeholders here, for fixing five per cent GST rate, the lowest slab for the industry, Irani assured that there would be neutrality in the rate. However, a conference on GST to be held soon, will decide the rate, she said. Later, t