The Trans-Pacific Partnership (TPP) is hoped to bring more opportunities for Vietnam’s textile and garment sector in expanding markets and export, however, enterprises and policy-makers must quickly remove current obstacles as well as have synchronous measures. According to the Vietnam Textile and Apparel Association (VITAS)’s figure, turnover of textile and garment reached US$27 billion in 2015 yet the value of import was quite great and the sector still imported much Chinese commodities.

Experts have called for domestic enterprises in the apparel and footwear sectors to strengthen tie-ups for co-existence and growth at a time when Vietnam is intensifying international integration. At a seminar in HCMC last week on how the apparel and footwear sectors could make the most of opportunities from the Trans-Pacific Partnership (TPP) trade pact, experts said cooperation would enable businesses to join the global value chain. Competing with one another would benefit no one, they t

The volume of business improved on the cotton market on Wednesday following the persistent demand by mills and spinners, dealers said. The official spot rate was unchanged at Rs 5,300 dealers said. In Sindh, seed cotton prices were at Rs 2200-2400, and in Punjab prices were at Rs 2400 and Rs 2900, they said. In the ready business, nearly 10,000 bales finalised between Rs 4750-5500, they said. According to the market sources, volume of business improved as needy spinners indulged in panic buy

In a major relief for jute exporters, Bangladesh has lifted the ban on export of raw jute four months after imposing it to meet the domestic demand. The Ministry of Textiles and Jute (MOTJ) issued a notice on Monday announcing the withdrawal of the ban, which will come into force on April 3, media reports said. An MOTJ official said the ban was being lifted as the supply position of raw jute is now better in the local market. "We had stopped raw jute export to keep its smooth supply in do

With many Made-in-Japan fabrics, featuring cutting-edge, high-performance materials, have gained popularity for their soft and rich texture and wrinkle-resistant convenience and also economic sanctions to Iran have been lifted, fabric manufacturers are eager to enter the large and promising Middle East market. Japan's Mitsubishi Rayon, Kuraray and other leading fabric makers are getting ready to boost sales of their quality materials to the Middle Eastern market, to be used for traditional ga

Global cotton stocks are expected to decline for the second consecutive season in 2016/17, research firm Cotton Outlook said on Friday. Cotton Outlook (Cotlook), issuing its initial supply and demand forecasts for the 2016/17 season, which starts on August 1, said that world raw cotton production is expected to rise to 22.75 million tonnes, about 1.7 million tonnes more than the previous season. However, consumption is forecast to increase by about 1.4 percent to 23.32 million tonnes, with a

“Many textile & garment companies are leaving the market because of the state’s unstable policies,” said Truong Van Cam, deputy secretary general of the Vietnam Textile and Apparel Association (Vitas) at a workshop held by the World Bank (WB) and the Vietnam Chamber of Commerce and Industry (VCCI). “A garment company wanted to import a printer to make products for export and it took the company’s owner six months to obtain the import license,” he said, citing an example to show how curren

Exports of textile and clothing fell by 8.76 per cent to $8.363 billion in the first eight months (July-February) of 2015-16 from $9.166bn in the same period last year, Pakistan Bureau of Statistics data showed on Thursday. The sector has been facing chronic energy shortages and stuck-up exports refunds. The decline in exports, from July 2014, was despite the preferential market access to the European Union. “The government has failed to capitalise on the opportunity of Generalised Syst

In recent years, the sustained rise in production costs on the Chinese mainland has eroded the profit margins of many Hong Kong companies with labour-intensive factories located on the Chinese mainland, prompting them to seek alternative production bases elsewhere. India is rising as a new choice of relocating labour-intensive industries from China and also as a retail market of good potential, according to reasearch report by The Hong Kong Trade Development Council (HKTDC). Hong Kong as

India’s spun yarn exports in February 2016 were up by 22.8 per cent in volume terms while it declined 17.3 per cent in value terms. Spun yarn (all kinds) shipments in February 2016 were at 158 million kg worth US$307.9 million while the average unit price realisation was down US$0.95 a kg as compared to the same month last year. Chinese demand for Indian yarn has been reduced due to rising imports from Vietnam which is the second largest yarn exporting country to China. Also, China restricted