Vietnam attracting a flood of overseas investment, among them is Japanese textile companies as many of these manufacturers are hoping to get a boost from the proposed Trans-Pacific Partnership free trade agreement -- to which Vietnam is a party -- and is ramping up production and exports in the Southeast Asian country with an eye toward boosting U.S.-bound shipments. For textile companies, the excellent technical capability of Vietnamese workers is a big drawing point, even if the labor costs

Chinese economic growth decelerated to the 25-year low of 6.9 percent in 2015, down from 7.3 percent in 2014, according to data released Tuesday by the National Bureau of Statistics. The GDP growth rate was reported as 6.8 percent in the fourth quarter, down from 6.9 percent in the third and 7 percent in the first two quarters last year. The growth rate is still within a reasonable range as it achieved the government's annual growth target, described as "around 7 percent", said economists.

FOR Chinese, online shops are quickly evolving from simply a means to get a bargain to one where movers and shakers can splash out on pricey clothes and accessories. According to a study published by auditor KPMG earlier last week, Chinese buyers of luxury items are increasingly favoring online retailers over brick-and-mortar stores, which will account for half of Chinese luxury spending by 2020. Surveying 10,150 Chinese consumers of luxury goods in 2015, KPMG found that nearly one third o

Ministry of Commerce China, Weihai and the All Pakistan Textile Mills Association (Aptma) have agreed to explore the potential of joint ventures and Chinese investment in textile sector of Pakistan. Ministry of Commerce China, Weihai has also invited the APTMA to visit China in May 2016. A 20-members Chinese ministerial delegation, headed by Zhang Buwen of Shandog Hushan Group, visited APTMA Punjab, here on Saturday. Chairman Aptma Punjab Aamir Fayyaz received the delegation. Chairman Aptma

Cotton made in Africa (CmiA), an Aid by Trade Foundation (AbTF) initiative helping small farmers in Africa grow cotton in fair and sustainable way, has signed an agreement to sell its produce to a leading American textile manufacturer in home and hospitality segment, 1888. The partnership agreement, signed at the Heimtextile fair in Frankfurt on January 13, is a step towards protecting the environment and to supporting the small-scale cotton farmers, a press release of the ABT foundation said

China imported 84,500 tonnes of cotton in November, down 8.3 percent versus the same month last year, the China Cotton Association said on Wednesday. Imports of the fibre to China, the world's top textile manufacturer, have dropped 41 percent in the first 11 months of the year to 1.29 million tonnes, according to data on the association's website. Lower Chinese cotton prices have made imports uncompetitive and fewer low-tariff import quotas from the government have limited foreign intake. So

China's textile and garment exports continued to decline last year, mainly due to the good performance in the previous year and exchange rate fluctuations, the Ministry of Industry and Information Technology said on Wednesday. The sharply depreciated yen and Euro had a direct negative impact on textile exports, as Japan and Europe have been China's main textile export markets. From January to October in 2015, the textile industry saw positive growth in exports to the United States, Africa,

A $50 billion RMG export target by 2021 – set by the country’s apparel manufacturers – has drawn the attention of global machinery, fabrics, yarns and accessories producers of the clothing industry. This was revealed to the Dhaka Tribune while talking to a number of producers displaying products at a four-day GARMENTEC Expo, Yarn and Fabrics Sourcing Fair and GAPEXPO 2016 that began yesterday in the city. The fair paves the way for the display of RMG-related equipment. “Since Bangladesh

China's government is consulting with the textile and cotton industry on plans to sell some of its bulging cotton stockpile, according to sources, a move that may drive domestic prices lower and further reduce import demand. Beijing is estimated to hold around 11 million tonnes of cotton stocks, about half of the global total, after a three-year stockpiling programme aimed at supporting farmers. The government is under pressure to sell its ageing stockpile, which degrades over time and is ra

Pakistan Ready­­­­­­­­made Garment Manu­­­­facturers and Exporters Association (PRGMEA) on Wednesday cautioned the government to address the issues of value-added textile sector as continued drop in exports might widen further due to Vietnam-EU Free Trade Agreement, and massive decline in cotton production and high import duty on yarn. In a statement, PRGMEA Chief Coordinator Ijaz Khokhar asked the government to take preventive measures followin