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
vietnam
Bangladesh losing US garment market to Vietnam
REGIONAL TRADE - Vietnam is Asian trade’s ‘RISING TIGER’
While China continues to rule the US import trade, Vietnam’s apparel industry is becoming a key component in an economic rebound that’s gaining strength, according to the latest trade data from the PIERS Global Intelligence Solutions.
That’s good news for the Port of Savannah, which in 2008 already had a nearly 30-percent market [...]
Vietnam exempts VAT on exported goods
The Finance Ministry has issued a circular under which local enterprises will enjoy value added tax exemptions for goods exported to foreign markets
However, the enterprises will be subject to export and import tariffs as well as corporate income taxes.
They will also comply with the double taxation avoidance agreement in countries with which Vietnam has [...]
Vietnam rubber exports increase
Vietnam expects to increase rubber exports by 3.3 percent to 750,000 tonnes this year, betting on an economic recovery in its main markets, including top buyer China, an industry official said on Friday.
Vietnam’s export projection is small compared with the 2.8 million tonnes forecast this year by Thailand, the world’s top exporter, where rubber prices [...]
EU keen on FTA negotiations with Vietnam
The European Union is looking to an early start of negotiations over a free trade agreement with Vietnam to boost bilateral trade and resolve trade issues between the two sides.
Sean Doyle, ambassador and head of the Delegation of the European Commission to Vietnam, said the EU’s anti-dumping tariffs on leather shoes imports from Vietnam [...]
Vietnam’s pepper export drop in 2010
Pepper exports from Vietnam, the world’s largest producer, will fall 26 percent to about 100,000 metric tons this year as stockpiles are exhausted, according to Do Ha Nam, chairman of the Vietnam Pepper Association.
We don’t have any stockpiles left, so what we produce this year will be for export, Nam said Monday. Prices [...]
Vietnam rice exports to hit 5.5m tonnes this year
One of the world’s top rice producers, Vietnam said it planned to export 5.5 million tones of rice this year.
According to country’s Agriculture and Rural Development ministry, rice exporters have signed contracts to export 2.38 million tones of rice including contracts to export over one million tones of rice to Philippines so far.
The Ministry recently [...]
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 [...]
Vietnam’s 2010 crude exports to drop 28 pct
Vietnam expects that crude oil exports, the country’s second-biggest source earnings after textiles, could fall 28.2 percent in 2010 to 9.43 million tonnes, or 189,400 barrels per day, a state-run newspaper reported on Thursday. The Industry and Trade Ministry forecasts coal exports next year at 17 million tonnes, the Vietnam Economic Times newspaper cited the [...]
Leather shoe exports down 16%
The leather shoe export turnover of Viet Nam in the first 11 months of this year reached US$3.57 billion, a 16 per cent year-on-year decrease.Based on this turnover, the country’s shoe exports for December are projected to be around $300 to 400 million, making an annual total of roughly $4 billion, which is much lower [...]
