exporters bemoan new customs red tape tussle

Exporters bemoan new customs red tape tussle

Many exporters, especially those devoted to garments and textiles, are unimpressed by a Ministry of Finance regulation which could cause an increase in their operational costs.
vinatex asks for share sale cash

Vinatex asks for share sale cash

State-owned national textile and garment group Vinatex has requested that the Vietnamese government allow the group to use the capital raised through selling off the state’s shares following equitisation to bolster productivity.
upcoming tpp drives multi sector expansion

Upcoming TPP drives multi-sector expansion

With Tet having come to a close, numerous textile, garment, footwear and beverage companies are kicking off ambitious new development projects.
cement firms stuck

Cement firms stuck

There are likely to be few signs of improvements in the cement industry due to the government’s policy of cutting public investment and the woeful real estate market.
2013 a ripe year for garment sector

2013 a ripe year for garment sector

The textile and garment sector outperformed in 2013 with total export value more than $1 billion above the annual target.
bonanza year for local cement exports

Bonanza year for local cement exports

Vietnam exported 13 million tonnes of cement and clinker by mid-December, a 65 per cent jump against the same period last year, with nearly 1.1 million tonnes per month sold abroad, according to Ministry of Construction estimates.
foreign footwear companies eager for tpp

Foreign footwear companies eager for TPP

Foreign invested enterprises in the footwear sector are likely to rejoice after the Trans-Pacific Partnership (TPP) goes into effect, planned for next year.
vinatex focuses garment investments on central region

Vinatex focuses garment investments on central region

Leading state-owned textile and garment group Vinatex is scaling up investments into the central region pursuant to the sector’s strategy to relocate factories to localities.
garment firms making major expansions

Garment firms making major expansions

As competition between textile and garment producers and exporters heats up, several have invested into increasing their production lines to expand their potential markets.
vib granted a vnd420bn credit to texhong

VIB granted a VND420bn credit to Texhong

Vietnam International Bank (VIB) and Texhong Yinlong Technology Limited, a subsidiary of Texhong Textile Group – one of the top 10 largest textile groups headquartered in Hong Kong, have signed a VND420 billion ($20 million) credit agreement to finance the firm’s facility in northern Quang Ninh’s Hai Yen Industrial Park.
cooking oil products fry local competitors

Cooking oil products fry local competitors

Regional cooking oil products are overwhelming the domestic market due to competitive pricing and import duty exemptions.
garment sector dressed for success

Garment sector dressed for success

The textile and garment sector is working to get itself in shape for brighter horizons.
industrial machine looks to muscle up

Industrial machine looks to muscle up

The industry and trade management authorities’ key tasks in 2013 are coming into sharp focus.
domestic garment and textile firms get into gear

Domestic garment and textile firms get into gear

Vietnam’s garment and textile sector has seen positive signs with many big names having acquired sufficient orders for 2013.
tet bonuses a curly question

Tet bonuses a curly question

Businesses are taking different approaches towards Tet bonus amid continuing economic woes.