Textile exports to hit $28.5b

Việt Nam’s textile and garment exports this year are estimated to reach US$28.5 billion, meeting roughly 92 per cent of the set plan due to market difficulties, the Việt Nam Textile and Apparel Association (Vitas) reports. Việt Nam’s textile and garment exports this year are ...

VN firms invest in textile, dyeing

Many textile and garment enterprises are investing in textile and dyeing complexes to ensure material for sustainable development, Vietnam Television reported recently. To avail themselves of business opportunities from the Trans-Pacific Partnership agreement, many textile and garment firms have over the past two years started building textile ...

Labour Ministry forms new body to monitor workplace safety

A new National Committee on Occupational Safety and Health established under a sub-decree signed by Prime Minister Hun Sen on November 21 will advise the government on all work-place safety issues – but excludes transportation accidents, which one observer said make up the majority of work-related ...

Protest seeks K5600 minimum wage

More than 2000 factory workers staged a protest this weekend in Yangon’s Hlaing Tharyar township, demanding that the government increase the daily minimum wage in light of rising costs of living and inflation. “Unless something is done to stop increases to living expenses, soon workers ...

Cambodia's labour ministry praises Trump's pledge to kill TPP

In the wake of Donald Trump’s surprise win in the US presidential election on November 9, Labour Ministry spokesman Heng Sour said on November 10 that the president-elect’s campaign promise to pull out of the Trans-Pacific Partnership trade deal would restore the Cambodian garment sector’s competitiveness ...

Factory openings provide 50,000 new jobs

More than 100 new factories were registered during the first nine months of the year, creating over 50,000 jobs, a government spokesman said on November 10. Oum Sotha, spokesman for the Ministry of Industry and Handicraft, said the ministry recorded 116 new factory openings from ...

Garment workers urged to boost sector’s productivity

Prime Minister Hun Sen on November 7 urged garment workers to improve their productivity in order to prevent factories from closing shop and moving to such countries as Laos, Bangladesh and Myanmar, all of which have lower minimum wages. His comments came during a graduation ceremony ...

Can Vietnam take full advantage of preferences in VN-EAEU FTA?

With the free trade agreement between Vietnam and EAEU (Eurasian Economic Union) having taken effect, many Vietnamese export items now enjoy a zero percent tariff. However, it will be not an easy task to boost exports. According to Trinh Thi Thu Hien from the Ministry of ...

Textile & garment companies still attract foreign investors

Though growth in investment in the textile & garment sector has slowed down, it is still attractive in foreign investors’ eyes. The years 2014 and 2015 witnessed the massive landing of foreign textile & garment enterprises in Vietnam. In 2015 alone, $2 billion worth of foreign ...

‘Footloose’ garment sector continues to drive growth

Despite an onset of risks—the uncertainty of upcoming elections, a looming E.U.-Vietnam free-trade deal and a rising U.S. dollar—the immediate outlook for Cambodia’s economy remains bright, a World Bank report released on October 5 says. But the country will have to address looming challenges now in order ...

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