Month: May 2016

According to the Vietnam Textile and Apparel Association (Vitas), textile and apparel exports in the first four months of this year exceeded US$8.1 billion, up 6.2 percent over the same period last year.

A garment plant in HCMC (Photo: SGGP)

Of which, garments exports topped $6.8 billion, an increase of 6.95 percent; staple fiber exports reached $824 million, an increase of 2.87 percent; raw materials exports were at $273 million, up 4.14 percent; whereas, nonwoven fabrics exports hit $145 million, down 3.97 percent.
 
Countries participated in the Trans-Pacific Partnership account for 65 percent of Vietnam’s total textile and apparel exports, with the US accounting for 48 percent, and Japan 12 percent. The EU market accounts for 15 percent and South Korea takes about 10 percent.
 
The representative of Vitas said that although the country’s raw materials exports bring in billions US dollar annually, several garment companies still have to import fabrics for manufacturing of export clothes. Vitas recommended that garment companies and raw material producers should strengthen connection and try each other’s products.
 
Raw materials producers should focus on meeting requirements for quality, quantity, competitive price, and delivery time. In long term, garment companies should shift from doing outsourcing to making products to export under FOB (free on board), ODM (original design manufacturer) or OBM (original brand manufacturer) modes and cut down exporting via intermediary. Thenceforth, garment and textile companies are able to meet the rules of origin under the TTP and FTA.

By Lac Phong – Translated by Thuy Doan

Saigon Giai Phong

27/05/2016

Quote from: “http://www.saigon-gpdaily.com.vn/Business/Economy/2016/5/119038/“

HCM CITY – TUV SUD, an international service provider in testing, inspection, audit and certification yesterday signed a memorandum of understanding (MOU) with the HCM City Association of Garment Textile Embroidery and Knitting (AGTEK) to help its members access global markets.

Under the MOU, the two sides will co-organise quality and safety workshops and awareness programmes related to the textile and garment industry, according to Sathish Kumar Somuraj, general director of TUV SUD Vietnam.

The in-house training sessions would aim to provide local manufacturers an updated and more in-depth understanding of stringent international quality and safety standards, he said.

Pham Xuan Hong, AGTEK chairman, said Viet Nam has improved its business opportunities by signing free trade agreements with some key global players like the EU, US, Japan, Korea, and ASEAN, he said.

While these agreements would bring global market access to Vietnamese businesses, it also means that Vietnamese manufacturers have to comply with more stringent quality and safety regulations, he said.

“International government safety and quality regulations on textile and garment products are changing constantly, especially in today’s free trade business landscape.

“Global buyers, especially those in Europe and the US, are increasingly demanding with respect to the kind and quality of products they want.”

Somuraj said quality and safety control are essential for companies in Viet Nam, especially those looking to take their products to international markets.

The MOU also includes a special promotion for the association’s members, who are mainly small and medium-sized enterprises for whom cost is a concern, he said.

The agreement is expected to immensely benefit member companies and take their business to the next level, he added. 

CCFGroup

27/05/2016

Quote from: “http://www.ccfgroup.com/newscenter/newsview.php?Class_ID=600000&Info_ID=20160527008“