Vietnam’s yarn industry heavily depends on imported cotton, has imported increasingly bigger volumes of the material in recent years to feed its growing textile and garment production and export. According to its Ministry of Industry and Trade, Vietnam imported 140,000 tons of cotton worth 244 million U.S. dollars in January, up 49.7 percent in volume and 51.1 percent in value against January 2017, Vietnam's cotton import surged from 150,000 tons in 2005 to nearly 1.3 million tons in 2017.

The famed silk weaving industry of Varanasi that was facing stiff competition from China which has been dumping cheap silk fabric heaved a sigh of relief with the Budget hiking customs duty on imported silk fabric from 10% to 20%. With the hike in duty, the industry will now find itself in a position to compete with China in domestic as well as overseas markets. Traders and weavers associated with the Banarasi silk industry and in major textile hubs like Surat and Bengaluru, who depend on imp

China is exploiting and entering the Indian market at cheap price by routing its yarn and finished fabrics through Bangladesh route giving a difficult time to the textile industries at home, comprising primarily of the Micro, Small and Medium Enterprises (MSMEs), said Punjab Pradesh Beopar Mandal President PL Seth. Seth said that since Bangladesh is exempted from paying any duty under the SAARC agreement, Chinese yarn and finished fabric is able to enter our markets through Bangladesh. Wit

Indonesia’s textile and garment exports rebounded strongly in 2017, rising around 5% to US$12.4bn after four years of stagnation, the head of the country’s textile industry association has revealed. Factory relocation, political stability and less labour unrest contributed to the growth, says the chairman of the Indonesian Textile Association (API – Asosiasi Pertekstilan Indonesia), Ade Sudrajat. “This is very encouraging because it’s happening at a time when there’s a downturn in global d

China's yuan strengthened more than 1 percent against a basket of currencies in the first month of 2018, according to a China Foreign Exchange Trade System (CFETS) index. The CFETS RMB Index, which measures the yuan's strength relative to a basket of currencies, came in at 95.82 at the end of January, a 1.02 percent increase from a month ago, CFETS said. The index compares the yuan to the value of 24 currencies, including the US dollar, euro and Japanese yen, which was expanded from a bask

Punjab Secretary Agriculture Muhammad Mehmood on Sunday said that South Punjab would be recognised as a cotton valley by 2020 in the world. He expressed these views in a statement issued here by the agriculture information department here. Different steps were underway to make this region a hub of cotton . Funds worth billions of rupees were being spent on improving the agriculture sector, he said. "We are paying immense focus on mechanised farming and promoting modern technology in the regio

Jute traders said they would incur huge losses due to this decision by the government, because they would lose foreign buyers, which would severely affect the sector The Bangladesh Jute Association (BJA) has demanded withdrawal of ban on the export of various categories of raw jute slapped by the Ministry of Textiles and Jute on January 18. Traders, farmers and workers expressed concern that the ban on exporting uncut Bangla tossa rejection (BTR) and Bangla white rejection (BWR) ju

The arrivals of cotton at ginning factories across the country till January 31, 2018 registered 7.51 per cent increase compared to corresponding period last year, disclosed a fortnightly cotton arrival report released by Pakistan Cotton Ginners' Association (PCGA) here on Saturday. The report revealed that over 11.432 million bales of cotton arrived at various ginneries in Pakistan as on January 31, compared to 10.634 million bales during the corresponding period of last season. The report po

RMG trade unions’ federations affiliated with global trade union Industriall have demanded Tk16,000 per month be fixed as minimum wage for the country’s RMG workers. Leaders of the federations made the demand during a meeting with Md Siddiqur Rahman, president of Bangladesh Garment Manufacturers and Exporters Association (BGMEA), in Dhaka on Thursday. A total of 17 leaders from 16 federations participated in the meeting attended by BGMEA Vice President Mahmud Hassan Khan Babu, among others

Vietnam earns billions of dollars from garment and textile exports every year. But in the domestic market, local enterprises are facing fierce competition from foreign rivals. In late 2017 many foreign clothing companies made inroads into the Vietnamese market heating up the competition with local fashion brands and garment manufacturers. After Zara, H&M opened stores in Hanoi and Ho Chi Minh City last September. With Mango and Topshop, they are the favorite brands in Vietnam. Nguyen T