VN garment sector to boost export growth The domestic textile and garment industry is expected to sustain growth in exports in the coming months, according to the Viet Nam Textile and Apparel Association (VITAS). Truong Van Cam, VITAS vice chairman and general secretary, said many textile and garment companies had signed contracts to produce export products in the third quarter of this year. Many Vietnamese garment firms had also sustained high growth this year in traditional markets such as the United States, the Republic of Korea, the European Union, and member-states of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Cam said a series of recently-signed free trade agreements (FTAs) was expected to boost the sector. Since 2001, Viet Nam had signed bilateral trade agreements with the US, Japan, China, and the Republic of Korea, as well as Australia, New Zealand, and India, and joined the World Trade Organisation. However, global demand for textiles and apparel only grew by 1 to 2 per cent each year, resulting in fierce competition, he said. Most FTAs have product origin rules for fibre and fabrics even as Viet Nam imports up to 80 per cent of materials, according to Cam. Bangladesh, on… Read full this story
- How the Bay Area took over the self-driving car business
- A brief history of money: What does the future hold?
- City Union Bank profit up 15% on business growth
- Women’s Tighty Whities And Men’s Hot Pink Briefs: Gender-Bending Fashion Goes Mainstream
- Bay Briefing: Bay Area forecast — a dark and smoky weekend
- Free trade agreements are often ignored by business. So why has Australia signed a new one?
- 9 Build-A-Business Tips From Shopify’s Most Crazy Awesome Stores
- Washington Briefing May 2009
- Assam industry minister interacts with members of the Malaysia India Business Council
- Whitney Houston's female best friend says the pair broke off their brief secret romance so it wouldn't interfere with the singer's budding career
BUSINESS IN BRIEF 6/6 have 309 words, post on english.vietnamnet.vn at June 5, 2018. This is cached page on Europe Breaking News. If you want remove this page, please contact us.