Conversations on Vietnam Development
The Hanoitimes – Vietnam would remain a prime candidate for gains over the near term, according to Fitch Solutions.
Vietnam, along with Bangladesh, Cambodia and Myanmar, is poised to benefit most from shifts in manufacturing in the apparel space, according to Fitch Solutions, a subsidiary of Fitch Group. Tiếp tục đọc “Vietnam to benefit most from global apparel manufacturing diversification”
Vietnamese textile manufacturers are seeing orders decline with buyers moving to others, cheaper developing countries.
Normally, by the end of a year they would have enough orders for the whole of the following year, Nguyen Van Thoi, chairman of TNG Investment and Trading JSC, which makes garments, said.
But this year many businesses have said they do not have enough orders for 2020, with some reporting a 20 percent drop in orders from last year. Besides, many have not signed long-term contracts for products, only monthly or quarterly, he said.
A Vietnam Textile and Apparel Association (VITAS) official, who wished not to be named, said many orders have shifted to emerging countries in Africa, while competition with textiles superpowers like China, India and Bangladesh is becoming increasingly fierce.
Tiếp tục đọc “Vietnam textile industry orders hit by African competition”
Nguyen Minh Thao of Vietnam’s Ministry of Planning and Investment addresses a consultative workshop to propose amendments to laws on specialized inspection in Ho Chi Minh City. – Van Anh/USAID GIG Program
“From now on, [the company] will not have to spend $4,500 every month on specialized inspection procedures for formaldehyde testing.”
December 2016—Vietnam’s textile industry just got some good news that will save companies thousands in fees as well as several days of shipping delays with repeal of a testing regulation. Tiếp tục đọc “Repealed regulation saves Vietnam’s textile industry time and money”
CVD 