In 2013, export turnover of the industry reached US$20.4 billion, an increase of 18 per cent year-on-year.— Photo baohaiquan The domestic garment and textile industry aims to reach a localisation rate of 60 per cent by 2015 to increase profits and competitiveness, and reduce the need for the imports of raw materials, according to the vice president of the Viet Nam National Textile and Garment Group (Vinatex). Le Trung Hai, who spoke with the media during the recent Saigon Tex exhibition f

Chinese apparel and footwear makers although have shifted their production due to increase labour cost to other countries. China continues to remain strong as a major materials source for the textile industry. Chinese textile sector is not giving by hopes, the government in China's far west Xinjiang region recently announced its plans to increase cotton farm subsidies and encourage textile manufacturers to build plants in 11 communities. The idea is to link up its cotton growing sector to fi

Being held concurrently with Intertextile Shanghai Apparel Fabrics – Spring Edition 2014 which brought synergistic effects, the pavilion saw a growth of over 200% in its visitor number from last year, while the top five overseas visiting countries and regions were Hong Kong, India, Japan, Korea, and Turkey. This designated yarn zone featured 233 exhibitors from 11 countries and regions – including China, Hong Kong, India, Korea, Pakistan, Portugal, Singapore, Switzerland, the US, Turkey and

The 2013/14 U.S. cotton estimates include lower production and ending stocks compared with last month. Production is reduced 320,000 bales to 12.9 million based on USDA’s final Cotton Ginnings report, released March 25. Domestic mill use and exports are unchanged. Ending stocks are reduced to 2.5 million bales, which is the smallest stock level since 1990/91. The stocks-to-use ratio of 17.5 percent is the smallest since 2010/11. The marketing-year average price received by producers is now f

Spun yarn exports were unable to maintain its strength seen in January as they grew just 3.7 per cent in February as against 21 per cent clocked in the previous month. About 117 million kg of spun yarns were exported worth US$390 million or Rs 2,425 crore during February. In terms of growth, volumes were up 7.4 per cent while US$ value increased 3.7 per cent implying a fall in unit price realization, as the Rupee depreciated 16 per cent against the US$ in the comparable months. Overall unit pric

The exports of textile, apparel and leather fetched 1,119.8 million dinars in the first two months of 2014 for the North African country of Tunisia, according to the data from the National Institute of Statistics (INS). The exports in January-February 2014 period were 2.94 percent more than exports worth 1,087.8 million dinars made during the corresponding months of last year, according to the data. In 2013, Tunisian textile, garment and leather sector earned 6,227.2 million dinars in expo

Spain’s Jeanologia and its Vietnamese partner Phong Phu International Joint Stock Company have an ambitious plan to transform Vietnam into a global market leader in the production of high-quality environmentally friendly jeans, radio The Voice of Vietnam (VOV) reported. Enrique Silla, President of Jeanologia- a Spain jean producer has said that Vietnamese products, especially jeans and knitted items, are finding their niche in the global marketplace and are emerging as a strong competitive ri

Vinatex is planning to grow cotton in the province of Quang Binh for its spinning mills.— Photo xahoi.com.vn Viet Nam National Textile Garment Group (Vinatex) will invest VND4.8 trillion (US$228.5 million) in three projects in the central province of Quang Binh. According to information published on Vinatex's website, the projects that were granted licences were a fibre plant and a garment factory in Quang Phuc Ward, Ba Don Town and a garment factory in the Gia Ninh Commune, Quang Ninh Di

The imports of apparel by the United States from Vietnam increased by 14.02 percent year-on-year to US$ 1.514 billion during the first two months of 2014, according to the latest Major Shippers Report, released by the U.S. Department of Commerce. On the other hand, the US apparel imports from China, the main supplier, declined by 3.72 percent year-on-year to $4.684 billion during January-February 2014, the data showed. Bangladesh, the world’s second largest garment exporter, also saw its s

In the aftermath of latest record apparel earnings, Sri Lanka is now entertaining bigger apparel dreams.“Our internationally recognised apparel sector has shown strong performance, and has earned revenues of $ 4.3 billion in 2013. President Mahinda Rajapaksa now wants us to be among the world’s top 10 apparel export countries by 2020,”said Minister of Industry and Commerce Rishad Bathiudeen on 21 March. Minister Bathiudeen was addressing the inauguration event of the newly established Leather