two day strike at formosa ends with compromise

Two-day strike at Formosa ends with compromise

On June 13, two-third of 1,000 workers in Taiwan’s Formosa Textile Industry Co., Ltd. in Tan Thanh district of the southern province of Ba Ria-Vung Tau returned to work when the company’s management board finally acquiesced to almost all of the striking workers’ proposals.
textilers hitch their wagon to us market

Textilers hitch their wagon to US market

If one asks which local sector has distinguished itself in terms of export quality and quantity to the US market over the past two decades, the textile and garment industry is most likely the obvious answer.
taiwanese textile producer gets hefty fine for illegal discharge

Taiwanese textile producer gets hefty fine for illegal discharge

The Department of Natural Resources and Environment has issued a fine of VND637 million ($28,423) on Taiwanese textile producer MeiSheng Textile Vietnam Company (MeiSheng)  in the southern province of Ba Ria-Vung Tau, due to its discharging untreated wastewater into a local lake, according to local newswire.
export garment producers see decline in orders

Export garment producers see decline in orders

Producers of export quality garments are facing a reduction in orders, according to the Viet Nam Textile and Apparel Association (VITAS).
textile sector must be tailored for fta rewards

Textile sector must be tailored for FTA rewards

In 2015, Vietnam concluded negotiations on the Trans-Pacific Partnership (TPP) and the Europe - Vietnam Free Trade Agreement (EVFTA) – two major free trade agreements that will likely transform Vietnam’s economic landscape.
moit holds conference on apec smes participation in global textile value chain

MoIT holds conference on APEC SMEs’ participation in global textile value chain

The Ministry of Industry and Trade is going to hold a conference on March 29 and 30 on APEC and the participation of small and medium-sized enterprises (SMEs) in the textile and garment value chain.
seminar on the future of vietnams textile and footwear after tpp opens

Seminar on the future of Vietnam’s textile and footwear after TPP opens

The seminar on the Trans-Pacific Partnership and the Vietnamese textile, apparel, and footwear sectors has just opened in Ho Chi Minh City.
tpp to make positive impacts on vietnams stock market

TPP to make positive impacts on Vietnam’s stock market

The good impact of the Trans-Pacific Partnership is going to spill over to stocks of companies in other industries, not just stocks of companies in direct beneficiary sectors such as textiles, footwear and fisheries.
trying times for local firms after tpp

Trying times for local firms after TPP

Besides its numerous benefits, the Trans-Pacific Partnership will bring a slew of challenges to the Vietnamese textile, apparel and footwear sectors.
mergers acquisitions increase in textiles garments market

Mergers, acquisitions increase in textiles, garments market

Mergers and acquisitions in Viet Nam's textile and garment industry have increased, in a bid to take advantage of free trade agreements, especially the Trans Pacific Partnership (TPP), experts said.
rules of origin make it hard for garment and textile exports

Rules of origin make it hard for garment and textile exports

The Trans-Pacific Partnership and EU-Vietnam Free Trade agreements’ stiff rules of origin will make it hard for Vietnam to expand its garment, textile and footwear exports to these markets.
textile sector hemmed in by challenges

Textile sector hemmed in by challenges

In light of the recent conclusion of the Trans-Pacific Partnership negotiations, Vietnam finds itself at a crossroads with lucrative opportunities on the horizon for several trade sectors. In particular, the textile and garment industry stands to benefit greatly from access to the global market and reduced trade tariffs. However, future supply chain challenges must be addressed in order for Vietnam to capitalise on this potential. Amrish Goel, technical director of management consulting at KPMG in India, and Nguyen Tuan Hong Phuc, consulting director of KPMG Vietnam shared their opinions on this issue.
garment sector expecting big fourth quarter

Garment sector expecting big fourth quarter

Production in the garment and textile sector would be higher in the last quarter of this year as several domestic exporters have orders till the end of 2015, and even the first quarter of 2016.
taiwanese firm to invest 50 million in vn

Taiwanese firm to invest $50 million in VN

Leading Taiwanese apparel maker Eclat Textile plans to increase its production capacity in Viet Nam to benefit from the Trans-Pacific Partnership free trade pact, Asia.nikkei.comreported.
tpp benefits lure fabric investments

TPP benefits lure fabric investments

Scores of the US’ groups have increased their investment capital for the textile and garment sector in Vietnam in order to take advantage of the up-coming Trans-Pacific Partnership.