Foreign investors are encouraged to invest in developing textile and garment materials in Vietnam The textile and garment industry will be investing in material production, said Vietnam National Textile and Garment Group (VINATEX) Deputy General Director Hoang Ve Dung at a Ministry of industry and Trade’s regular online meeting reviewing activities in September and the first nine months of this year. The ministry’s statistics show that in the first nine months of 2013, the textile and garm

Exports of footwear are expected to touch $8 billion threshold this year, the Government’s portal Chinhphu.vn reported. In the first 9 months of the year, footwear exports are estimated to reach $6.07 billion, increasing 16.3% on year, the portal reported, forecasting that the sector’s export values will surpass $8 billion threshold if at least one of three months of the last quarter this year will grow the same level as that of the first 9 months of the year. Vietnam mainly ships its foot

The 21st informal economic leaders' meeting of the Asia-Pacific Economic Cooperation (APEC) released on Tuesday a statement, supporting a multilateral trading system and the 9th Ministerial Conference of the World Trade Organization (WTO). "We reaffirm our commitment to the strengthening of the multilateral trading system and to the successful outcomes of the 9th Ministerial Conference (MC9) of the WTO in Bali," said the statement. The leaders recognized the importance of a strong multilat

Vietnam was among the five biggest cotton importers in the world when it planned to import about 600,000 tons in 2013, according to the Vietnam Cotton and Yarn Association on Wednesday. In the first nine months of this year, the country imported nearly 430,000 tons of cotton, worth $846 million, a year-on-year increase of 35 percent. Vietnam's major cotton suppliers include the United States ( which accounts for 43.5 percent of the country's total cotton imports), India, Australia, Brazil,

Federal Minister for Planning, Development and Reforms Ahsan Iqbal has asked the business community to enhance exports by developing need-based products, as Pakistan textile sector which contains almost 65 per cent of total country’s exports is unable to understand the market needs of the Middle East and exporting only raw material to world. “Private sector of the country was unable to realise the potential of Pakistan. So there is dire need to create awareness and better understanding about

European Union (EU) Ambassador to Bangladesh William Hanna has urged the country's readymade garment manufacturers to ask for 'fair' prices from the buyers rather than being branded as the cheapest. "I know buyers are interested to pay higher prices and get quality products?…..but you should the process," he said replying to a question asked by former Bangladesh Garment Manufacturers and Exporters Association (BGMEA) President Anisul Huq. Bangladesh Garment Manufacturers and Exporters As

Speakers at a seminar called for developing a modern communication strategy Tuesday in order to brand Bangladesh as the producer of quality apparel items. They also laid emphasis on ensuring labour rights and other compliance-related issues for greater sustainability of the country's readymade garment (RMG) sector. The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and the Bangladesh Brand Forum (BBF) jointly organised the seminar, titled 'Taking the RMG sector forwar

Over 275,000 power looms were running in the city as part of the unorganised sector and were largely operating as household units, run by families. PHOTO: FILE Power looms, which had hitherto been part of the unorganised sector, have started entering the fold of formal industry in Faisalabad as investors are pumping millions of rupees into new technology and shifting looms from their homes to factories. Investors are taking risks in the hope that the Pakistan Muslim League-Nawaz govern

Burberry Advertising Campaign | Source: Burberry China’s slowdown last year was perhaps more than just a passing phase for the luxury goods sector, the head of British fashion house Burberry told French newspaper Les Echos in an interview published on Monday. The Chinese economy’s 2013 growth looks set to meet the government’s 7.5 percent target, but that would still represent the slowest pace of expansion in 23 years. A recent government crackdown on conspicuous spending has also hit sale

Around 168 million children are still working worldwide and of those, 85 million in hazardous conditions, so the latest 900-page report “Findings on the worst forms of child labor” by the U.S. Department of Labor’s Bureau of International Labor Affairs. Unfortunately, the textile and garment industry is one of the sectors that keeps resorting to employing children. The report tracked the efforts of 143 countries and territories to eliminate the worst forms of child labor and found that in the