Bangladesh is losing the US market for garments to India, China, Vietnam and Indonesia, among others, causing concern among exporters.
Citing a recent report of US Commerce Department, exporters say Bangladesh, recording a marginal fall during January-April this year, has witnessed overall negative growth in shipments compared to other Asian competitors.
The report on ‘US apparel imports [...]
Sourcing in Vietnam’s blog
A blog about product sourcing in Vietnam
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Bangladesh losing US garment market to Vietnam
Garments top nation’s export list
The textile and garment industry’s export revenue reached US$9.1 billion last year, making it the largest foreign currency earner in the country, said Le Quoc An, chairman of the Viet Nam Textile and Apparel Association (Vitas).The textile and garment industry is the country’s only sector whose export revenue has not declined compared to 2008 in [...]
Vinatex affiliates to build new garment factory in Vietnam
Seven affiliates of the Vinatex Group would jointly build a new garment factory in the northern province of Bac Giang, the group said.
The VND40 billion (US$2.3 million) factory would open its door next April, creating 900 jobs, Vinatex said.
Garment exports stitch up target for 2010
Vietnam’s textile and garment industry is confident it can buck a downturn being felt in other sectors and has targeted US$10.5 billion in export value next year.
Le Quoc An, chairman of the Vietnam Textile and Apparel Association (Vitas), said the recovery of the world’s economy would allow exports to increase by $10.5 billion in 2010 [...]
