Home / Knowledge / News / Apparel/Garments / Vietnam apparel production rises 26.9% in Jan'14
Vietnam apparel production rises 26.9% in Jan'14
01
Feb '14
courtesy: Vinatex
courtesy: Vinatex
The production of garments and textiles in Vietnam increased by 26.9 percent year-on-year in January 2014, as per the data from the General Statistics Office, under the Ministry of Planning and Investment, Vietnam National Textile and Apparel Group (Vinatex) said on its website.
 
The growth in garment and textile manufacturing was much higher than the 3 percent year-on-year growth recorded by the Vietnamese manufacturing sector during the month.
 
The surge in clothing and textile production during January 2014 was due to active flow of orders since late 2013 and stable workforce, the statement said.
 
From mid-2013, several large Vietnamese garment and textile enterprises have bagged enough order to last until the second quarter of 2014. Moreover, many businesses in recent years have made investments for producing several new items, which has also started contributing to their overall results.
 
In addition, many Vietnamese clothing and textile businesses have been successful in retaining employees this year by paying bonuses. For example, Tet Gaip Ngo, a member of Vinatex, paid 2 to 2.5 times the monthly salary as bonus to its workers, along with other perks.
 
Le Tien Truong, deputy general director of Vinatex, said a stable workforce is one of the requirements for sustainability of garment and textile enterprises, and the harmony between the interests of business and labour is the key to success.
 
The exports of fabric and garments from Vietnam rose by a sharp 18.9 percent year-on-year to US$ 17.946 billion in 2013, according to the General Department of Customs, Vietnam’s Ministry of Finance.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 29th Sep 2016

CAI keeps 2016-17 cotton output at 336 lakh bales

The Cotton Association of India (CAI) has estimated cotton crop for...

Courtesy: Nandan Denim

Textiles | On 29th Sep 2016

Nandan Denim to raise Rs 100 crore through FPIs

Indian denim fabric producer Nandan Denim Ltd (NDL) plans to raise Rs ...

Apparel/Garments | On 29th Sep 2016

Outlook for Cambodia’s economy remains robust: ADB

Backed by 9.4 per cent growth in exports from the garment and...

Interviews View All

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

Dharmendra Shah
Ozone PB Spintex Limited

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
September 2016

September 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search