Korea’s Kolon Industries to invest $1 billion in Binh Duong, Vietnam

to develop a factory manufacturing airbags and industrial fabric for automobile tires, aiming to capture a larger share of the domestic and international market. Read more

TAL: Back to the future through Vietnam

TAL Apparel‘s $50 million plant in Vietnam opened in October, can produce 16,000,000 shirts annually, in 100,000 variations, when output ramps up in the future, part of Vietnam‘s bid to join apparel global supply chain and employ millions. But the biggest news is across the road, Read more

International Product Safety and Compliance, Nov 15, 2016

Product safety, responsible sourcing, compliance, and transparency are the backbone of successful and respected supply chains. AAFA brings together industry leaders to educate factories and suppliers in Vietnam on the critical components of manufacturing and delivering products that meet global regulations, industry compliance, and consumer demand. The conference will be presented in English with full translation.

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Korea’s Hyosung Group to make global production base in Southern Key Economic Region

Hyosung Group President Cho Hyun-joon told Dinh La Thang, general secretary of the Communist Party of Ho Chi Minh City at a meeting in Seoul that “Hyosung has grown Vietnam as its largest production base in the world for products such as spandex and tire cord by focusing its investment on the southern part of Vietnam.” He added, “We are going to closely cooperate in information technology (IT) including automated teller machines (ATM), as well as in infrastructures such as petrochemistry, electricity, and water supply and drainage. Hyosung has invested about US$1.2 billion near HCMC since 2007  Read more

Textile giant Texhong is charging ahead in Vietnam, despite TPP uncertainties

For Texhong Textile Group, even as uncertainty looms over the free trade pact, the company is firmly committed to further expansion in its southern neighbor. Texhong, one of the world’s largest yarn suppliers, has been aggressively building up production capabilities in TPP signatory Vietnam. Founder and Chairman Hong Tianzhu has said one of the main intentions of investing there is to deal with the trade agreement. But even without the TPP, the competitiveness of the Vietnam operation “is very strong, among all Southeast Asian nations and even compared to Chinese production bases.” Read more

Vietnam looks to revise apparel sector strategy for more growth with TPP

Vietnam’s export value for textiles and apparel was targeted to hit $20 billion by 2020, but exports already surpassed $27 billion in 2015 and are expected to reach $31 billion by the end of 2016. Between 2010 and 2015, growth in the garment sector has been up 15 percent per year. Read more

U.S. fashion firms share sourcing trends and strategies

U.S. fashion companies are more actively seeking alternatives to “Made in China” in 2016, but China’s position as the No.1 sourcing destination seems unlikely to change anytime soon. Meanwhile, sourcing from Vietnam and Bangladesh may continue to grow over the next two years, but at a slower pace. Read more

You May Soon See More Goods Labeled “Made in Vietnam” – Avery Dennison

“What took 30 years in China is taking 10 years in Vietnam to happen,” said Frank Smigelski, a vice president at Avery Dennison Corp., one of the world’s biggest makers of clothing labels and tags. That is why “more and more companies are making bets on Vietnam.”

In Long Hau Industrial Park, Avery Dennison’s gleaming three-story factory, located in an industrial park dominated by Japanese and Korean investors, is preparing for a surge in orders for garment-care tags, labels and price tags. Read more

Potential impact of TPP on the Textile & Apparel Sector

With the conclusion of the TPP negotiations on Oct 5, 2015, it is time to think about its potential impact. Specifically for the textile and apparel (T&A) industry, a number of recent studies may offer some hints. Read more

Vietnam’s TPP ratification to take up to 2 years: lead negotiator

It will take up to two years for the Trans-Pacific Partnership (TPP), which was reached after five years of talks by 12 countries in Atlanta on Monday, to be ratified in Vietnam, the lead Vietnamese negotiator of the trade deal said. “Other countries also pledge to provide technical assistance to Vietnam in fulfilling its commitment,” he added. Read more