Vietnam will likely earn $20 billion from garment and textile export in 2013, surpassing the target of $19 billion set for the year by the Vietnam Textile and Garment Association (Vitas). According to Vitas deputy chairman Pham Xuan Hong, despite many challenges in production and business, the textile and garment industry was one of two industries exceeding $10 billion in export value in the first 10 months of this year. Latest data released by the General Statistics Office on Friday showe

Textile and apparel companies are still struggling with the continuous hike in inventories even after two years of decreasing stock. As of Oct 31, 81 listed textile and apparel enterprises have announced inventory figures for the first three quarters, which totaled 76.8 billion yuan ($12.5 billion), registering a year-on-year growth of 6 percent. In the first three quarters, 14 out of 81 listed companies had stock worth more than 1 billion yuan. As many as 57 companies of the 81 compan

The retail sales of social commodities totaled CNY 2.06 trillion in September, up 13.3% (adjusted for price factor) and CNY 16.88 trillion in January-September of this year, up 12.9% year-on-year. In which, the retail sales of garment, foot & head gear and knitted goods totaled CNY 93.8 billion in September and CNY 791.3 billion in January-September, up 13.3% and 12.2% respectively. Source: China Textile Leader

President Xi Jinping on Saturday said China is confident of a sustainable and healthy economic growth and it will further the reform and opening up drive. Xi made the remarks as he met with a group of foreign members of the 21st Century Council in Beijing, where the global think-tank is holding a conference from Friday to Sunday focusing on the world's second largest economy. China is working to transform the mode of development and readjust its economic structure, Xi said, highlighting

The textile and clothing sector of the western North African country of Morocco has been experiencing major development, said the Moroccan Minister of Industry, Trade, Investment and Digital Economy, Moulay Hafid Elalamy, at the recently concluded textile shows ‘Maroc in Mode’ and ‘Maroc Sourcing’ held in the city of Casablanca. According to the Minister, the textiles sector of the country has begun to add value by manufacturing its own products which are now being exported internationally, e

The cotton growers of Uzbekistan have collected over 3.35 million tons of raw cotton, said Uzbek President Islam Karimov congratulating the cotton farmers in the country. In a statement, the Uzbek President congratulated the cotton growers for their achievement and their contribution towards further improving the living standards and welfare of the people, as well as for the development of the economy and the country as a whole. Mr. Karimov said this feat was achieved despite bad weather c

This year, India's cotton production is expected to be at an all-time high despite untimely rains in major growing areas, as this has only caused the yield to go up. This year traders expect total production of cotton to be higher than last year at 3.7 million bales. The trade and industry estimates are coming a day ahead of the meeting of the cotton advisory board taking place in Mumbai tomorrow.Last year total production of cotton was 3.4 million bales. The area under cotton last year was 11.7

H&M has observed that the majority of the strikes that has occurred during last year have been in connection with terms and conditions of employment, including wages. It believes that the Cambodian government should conduct an annual review of the minimum wage, taking into consideration national inflation and the consumer price index. If an effective review system is created and implemented, these revisions will help address the basic needs of the workers. When working conditions are more

Employees of Duc Giang Garment Company at work. Viet Nam’s garment and textile export is expected to exceed the US$19 billion target by a billion dollars more. — VNA/VNS Photo Tran Viet Viet Nam’s weave and mantle courtesy expects to transcend a initial 2013 trade aim of US$19 billion by an additional by $1 billion. Pham Xuan Hong, emissary authority of a Viet Nam Textile and Garment Association (Vitas), pronounced a weave and mantle industry, notwithstanding of many hurdles in prolongatio

Ho Chi Minh City-based Hao Duong Leather Tanning JSC was caught discharging untreated wastewater into a river last Thursday, the latest of ten environmental violations committed by the company since December 2007, despite having been fined each time they committed the illegal act. The most recently violation was discovered on October 24 when anti-environmental crime police from the Ministry of Public Security and their counterparts in HCMC conducted a raid on the company and caught it releas