The Da Nang branch of Bank for Foreign Trade of Vietnam (Vietcombank) has signed an agreement with Hoa Tho Textile Stock Corporation to finance 207 billion dong for expansion of Hoa Tho Garment Factory I.
The expansion project would be carried out in two phases. While Phase I would involve investment of 65 billion dong, Phase II would see investment of 142 billion dong.
More than 67 percent of the new investment would be utilized for purchasing and installing modern machinery and equipment
Workers at Huu Nghi Da Nang Joint Stock Co in central Da Nang City make shoes for export. From 2014 onward, more Vietnamese products, including footwear, may gain further benefits under the EU's new GSP regulations. — VNA/VNS Le Lam
Market shares of Viet Nam's major exports to the European Union (EU) are expected to surge as exporters will enjoy preferential treatment under the bloc's Generalised System of Preferences (GSP).
Tran Ngoc Quan, deputy director of the European Market Department
Zhejiang using robots help cut labor costs
East China's Shandong province will raise its minimum pay by about 10 percent next month in a bid to attract workers and help them offset rises in living costs.
As of March 1, the minimum monthly wage for full-time workers in Shandong will be raised to 1,500 yuan ($245), 1,350 yuan or 1,200 yuan in the province's different cities, depending on economic level, the provincial government said in a statement Tuesday.
The 1,500 yuan level is the fif
Chinese production lines are feeling the heat from rivals in nations such as Bangladesh, which some say offers better quality. Photo: AFP
Foreign buyers are fleeing China for Bangladesh, Cambodia and Indonesia not just for cheaper labour but also because of rising tensions between the workers and their employers, in some cases because of poor corporate social responsibility on the part of the companies.
Swedish firm H&M, the world's second-biggest clothing retailer, now sourced about 4
Exports of fabrics and clothing from Peru touched US$ 1.24 billion during the period of January to November 2013, as per the data released by the Textile and Apparel Committee of the Peruvian Association of Exporters (ADEX).
According to the ADEX Trade Data for Textiles and Apparel report, during the first eleven months of 2013, Peru exported fabrics and apparel worth $1.24 billion, indicating a decline of 14.23 percent, compared to the $1.45 billion exports of fabrics and apparel during the
Textile companies in Japan are seeking to recruit more workers from Vietnam to make up for a lower number of guest workers from other nations this year, reports Tuoi Tre News citing the Board of Management of Vietnamese Guest Workers in Japan.
Owing to an increase in domestic demand, several countries, including China, have decreased the number of their guest workers sent to other countries, including Japan, according to the Board.
As a result, Japan needs labour force from other countries
After a highly successful 2013 fair, Intertextile Shanghai Home Textiles – Autumn Edition returns from 27 to 29 August 2014, and will be held again at the Shanghai New International Expo Centre. Last year’s event featured 1,321 exhibitors from 31 countries and regions, and 39,189 buyers from 91 countries and regions.
The exhibitor presence from 31 territories represented a new record for the fair, and signifies that the Asian market, and in particular China, remains an attractive destination
As an article of clothing, the shirt is traditionally made of natural materials since it is worn directly next to the skin. Cotton is particularly popular with consumers as a material for shirts. Adding TENCEL to traditional shirt fabrics produces a host of advantages. The moisture management and skin sensory characteristics are improved due to the good skin sensory properties of TENCEL.
Cotton and TENCEL are ideal partners in the shirt sector. They go together perfectly and enhance each othe