Vietnam's total export-import turnover since the beginning of the year has reached $400 billion, recording the highest trade surplus ever, with $3.17 billion. Milestones of Vietnam’s export and import turnover Vietnam Customs has just announced the export and import situation of the first 11 months on December 19, 2017. Total export and import turnover hit $385.77 billion in the first 11 months, up 21.4 per cent, which is the highest on-year increase ever, adding $200 billion com

China's foreign trade volume is expected to exceed $4 trillion in 2017 if there are no special circumstances based on figures accumulated in the first 11 months, the Ministry of Commerce predicted on Thursday. Gao Feng, the ministry's spokesman, said China has been resolutely pushing forward supply-side structural reform in foreign trade. The labor, capital and resource utilization efficiency, as well as environmental protection awareness of domestic manufacturers have been effectively improv

China's economic growth results are expected to remain stable not only in 2017 economic reports yet to be released but also in 2018, despite a slight decline in a major index measuring the expansion of the manufacturing sector in December, analysts said. While there is some variation in the forecast, analysts said the country's GDP growth may register up to 6.9 percent for 2017. The official manufacturing purchasing managers index, released on Sunday, dropped to 51.6 in December, compared

China has decided that the environmental protection tax－levied on air, water, solid waste and noise pollution starting on Monday－will all go to local governments, a move designed to boost their enthusiasm and further invigorate the environmental protection campaign. When the Environment Protection Tax Law enters into force on the first day of 2018, businesses and public institutions will be taxed for directly discharging pollutants on China's territory and other maritime areas u

In a document to the Vietnamese government that was accessed by VIR, general director of Eclat Fabrics Vietnam (EFV) Hung Cheng-Hai claimed that although EFV has invested in high technology and highly experienced experts, its factory in the southern province of Ba Ria-Vung Tau has not run at full capacity due to the low rate of textile dyeing. Eclat Fabrics, which has several well-known clients including Nike, Adidas, and Lululemon, received an investment certificate to develop the $40 millio

Vietnam’s textile and garment exports to the Eurasian Economic Union (EAEU) have exceeded trigger levels, or the total amount subject to preferential tariffs allowed into EAEU markets for this year, the General Department of Vietnam Customs said on its website. According to the Ministry of Industry and Trade, the Department of Domestic Market Protection of the Eurasian Economic Commission has announced that 173.3 tons of underwear and 112.7 tons of children’s clothes from Vietnam had been shi

The favourable US dollar-taka exchange rate has lent a helping hand to apparel exporters in the outgoing calendar year, cushioning the fallout from the uncertain political climate in the Western world. In the first 11 months of 2017, Bangladesh exported garment items worth $26.40 billion, up 1.38 percent year-on-year, according to data from the Export Promotion Bureau. At the start of the year, the greenback traded between Tk 78 and Tk 79 and during the course of the year it crawled up. On

Pakistan Hosiery Manufacturers and Exporters Association (PHMA) Chairman Dr Khurram Anwar Khawaja has appealed to the government to withdraw duty on cotton yarn import in line with the proposed withdrawal of custom duties on raw cotton import from India. “PHMA appreciates the move to withdraw duties and taxes on the import of cotton to encourage the value-addition and also demanded the same relaxation for the import of cotton yarn, which is a raw material for value-added knitwear sector,” he

After a change two years ago from John Elliot + Co. to just "John Elliot," it seems that the menswear brand has been moving towards more, innovative ways to mix things up. At this upcoming year's New York Fashion Week, eponymous founder John Elliot just announced that he will show its first women's collection. The show will take place in February with a new take on his streetwear, athleisure line. Only a week after NYFW: Men's, the dual-gender line will show on Monday, February 12. By moving

The textile and clothing (T&C) sector has witnessed subdued performance in 2016, says a recent review. Despite a bright EU economy, T&C activity in EU lost dynamism in particular towards the end of the year. 2016 witnessed the slowest growth in EU exports since the financial crisis, while the retail turnover development was less dynamic than in previous year. The EU's economic improvement did not, however, benefit the clothing sector (whose production fell a further), whilst the texti