Vietnam garment factories are most likely to reach its yearly target of US$13 billion in export this year, according to the Vietnam Textile and Apparel Association.
The association said its members have so far this year exported US$10 billion and they are expected to ship aboard products valued at US$3 billion in the remaining months of this year.
Apart from the EU, Japan, Russia and the Middle East, the US remains a key market for Vietnamese garment manufacturers in the coming time, the association added.
Friday, November 25, 2011
Wednesday, November 16, 2011
A new development of fibre plant aids Vietnam exporters
Yarn manufacturer Dai Cuong Group last week inaugurated its VND500 billion (US$23.5 million) fibre plant in Tien Hai District Industrial Zone, Thai Binh Province.
The 15,000sq.m plant, reported to be the most modern facility in Southeast Asia, would be able to produce 8,000-11,000 tonnes of fibre per year with about 500,000 Swiss spindles.
Its products would be aimed at markets in Turkey, Japan, Korea, Brazil, and the US. It would earn an annual revenue of VND750 billion ($35.2 million) and generate nearly 300 jobs after opening.
The 15,000sq.m plant, reported to be the most modern facility in Southeast Asia, would be able to produce 8,000-11,000 tonnes of fibre per year with about 500,000 Swiss spindles.
Its products would be aimed at markets in Turkey, Japan, Korea, Brazil, and the US. It would earn an annual revenue of VND750 billion ($35.2 million) and generate nearly 300 jobs after opening.
Friday, October 7, 2011
Vietnam clothing manufacturers face slowdown.
Due to the economic downturn in the US and Europe, exports of every Vietnam clothes manufacturer could reduce significantly with the decrease in orders from the two markets for the next months of 10%.
In fact, a Vietnam clothes manufacturer usually received many orders in the three last months and first two months of a year but this year the situation seems to change, some Vietnam clothes manufacturers don't even have enough orders for December.
The economic meltdown taking place in some European countries in recent years had also affected Vietnam garment exporters. Jackets were the most affected items, with many firms seeing orders plunge 30 per cent. Exports to Europe were forecast to decline by 10-15 per cent.
Besides, Due to Government's monetary tightening policy of the US - the biggest market of Vietnam clothing manufacturers, many risks appear towards the exports of Vietnam garment manufacturers.
Therefore, Vietnam clothing manufacturers had to switch to other markets like Japan, the Republic of Korea, some other Asian countries, and Canada.
In fact, a Vietnam clothes manufacturer usually received many orders in the three last months and first two months of a year but this year the situation seems to change, some Vietnam clothes manufacturers don't even have enough orders for December.
The economic meltdown taking place in some European countries in recent years had also affected Vietnam garment exporters. Jackets were the most affected items, with many firms seeing orders plunge 30 per cent. Exports to Europe were forecast to decline by 10-15 per cent.
Besides, Due to Government's monetary tightening policy of the US - the biggest market of Vietnam clothing manufacturers, many risks appear towards the exports of Vietnam garment manufacturers.
Therefore, Vietnam clothing manufacturers had to switch to other markets like Japan, the Republic of Korea, some other Asian countries, and Canada.
Sunday, September 25, 2011
Alternative Markets for Vietnam Clothes Manufacturers
Due to economic turbulence, exports to traditional markets of Vietnam clothes Manufacturers seems to decline.
As a result, every Vietnam clothing manufacturer is eyeing other alternative markets to maintain profit and growth.
Japan, the EU and the US are still the most important markets of Vietnam Clothes Manufacturers, which account for 12 percent, 17 percent and 51 percent of the total exports respectively.
Exports to Cuba in the first seven months of this year rose by 470.8 percent, while the respective figures recorded for the Indian, Korean, Thai and Chinese markets are 156 percent, 144.2 percent, 131.1 percent and 127.6 percent.
The new markets account for 20 percent of the total export turnover of the textile and garment sector, doubling the figure recorded five years ago.
Since Vietnam’s textile and garment products can pass the strict technical standards to enter the EU and the US markets, it is not so difficult for them to enter the others.
Monday, August 29, 2011
New projects to boost production of vietnam clothes manufacturers in center of Vietnam
Recently Nghe An's Department of Industry and Trade has encouraged projects with investment and expansion of every clothing manufacturer in the region to meet the country's objectives stated in the development plan for 2011-20 period.
According to the plan, the target of Vietnam clothes manufacturers in Nghe An is to produce 16 million pieces of knitwear, 96 million garments and 284,000 tones of thread this year ( 160%, 115%, 133% increase compared with the previous year).
Currently, Nghe An is home to more than 2,500 Vietnam clothes manufacturers and is listed as one of the targeted province to build up specialized industrial cluster in the center of Vietnam.
According to the plan, the target of Vietnam clothes manufacturers in Nghe An is to produce 16 million pieces of knitwear, 96 million garments and 284,000 tones of thread this year ( 160%, 115%, 133% increase compared with the previous year).
Currently, Nghe An is home to more than 2,500 Vietnam clothes manufacturers and is listed as one of the targeted province to build up specialized industrial cluster in the center of Vietnam.
Monday, August 15, 2011
$4.3 million worth investment from Italy to boost production of Vietnam clothing manufacturers.
In late July, 2011, the United Nations Industrial Development Organization (UNIDO) stated that Italy will spend $4.3 million in a sponsor program to develop clothing manufacturer in Vietnam together with 2 other industries namely leather shows and decoration wood.
According to UNIDO, Vietnam clothing manufacturer will be provided with investment to enhance technologies, expand product promotion and develop marketing campaigns and cost management systems.
According to UNIDO, Vietnam clothing manufacturer will be provided with investment to enhance technologies, expand product promotion and develop marketing campaigns and cost management systems.
Also, 3-million-euro program will include the provision of training classes for the companies involved.
Together with this investment, Italy investors hope to get Vietnam clothing manufacturer loosen the high dependency on materials and designs supply from overseas, from which boost production and values of exports of Vietnam clothes manufacturers.
UNIDO will also aid in seeking business partners for Vietnam clothing manufacturers in the European market.
18 businesses in Hanoi and Hung Yen and 16 others in Ho Chi Minh City involved in the garment sector have been selected for receiving the support.
Friday, August 12, 2011
Japanese based company is licensed to open a new clothes factory in Vietnam.
The Tokyo Style Vietnam Hue Ltd Co was licensed to launch the construction of its new clothes factory in Vietnam in Phu Bai Industrial Zone, Thua Thien Hue.
The investment worths US$21 million to build up a new Vietnam clothing manufacturer which specializes in exported. The project is proposed to finish on March 2012.
Tokyo Style currently owns 3 garment factories in China. Moving production to Vietnam is stated as a way to reduce the risk in production and widen the material supply chain.
The garment specialty for this new garment manufacturer in Vietnam is fashion clothes for women.
On completion, the production capacity of this Vietnam clothing manufacturer is expected to be around 400,000 products in the first year of operation and go up to 500,000 products annually at the following years. The number of worker initially is stated to be about 500 people and up to 1000 people.
With US$21 investment, This clothes factory in Vietnam is said to be the largest factory of Tokyo Style till date.
The investment worths US$21 million to build up a new Vietnam clothing manufacturer which specializes in exported. The project is proposed to finish on March 2012.
Tokyo Style currently owns 3 garment factories in China. Moving production to Vietnam is stated as a way to reduce the risk in production and widen the material supply chain.
The garment specialty for this new garment manufacturer in Vietnam is fashion clothes for women.
On completion, the production capacity of this Vietnam clothing manufacturer is expected to be around 400,000 products in the first year of operation and go up to 500,000 products annually at the following years. The number of worker initially is stated to be about 500 people and up to 1000 people.
With US$21 investment, This clothes factory in Vietnam is said to be the largest factory of Tokyo Style till date.
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