Articles worth reading
Image : BREAKING NEWS : Pelawak Srimulat Bambang Gentolet Tutup Usia

BREAKING NEWS : Pelawak Srimulat Bambang Gentolet Tutup Usia

person Orange Themes access_time Apr 27,2017

BREAKING NEWS : Pelawak Srimulat Bambang Gentolet Tutup Usia COM, SURABAYA - Pelawak Srimulat Bambang Gentolet meninggal dunia karena sakit di Rumah Sakit Bakti Dharma Husada (BDH) Surabaya pada Kamis pukul 22.30 WIB. Meninggalnya pelawak ini sempat

Image : Constance Hall explains her new reasons for separating from husband Bill

Constance Hall explains her new reasons for separating from husband Bill

person Orange Themes access_time Apr 10,2017

Constance Hall Husband Constance Hall explains her new reasons for separating from husband Bill Blogger Constance Hall and her husband, British carpenter Bill Mahon, have never claimed to have a textbook relationship. Now she's having to publicly

Image : Shannon Noll arrested over strip club assault

Shannon Noll arrested over strip club assault

person Orange Themes access_time Jan 15,2017

Shannon Noll arrested over strip club assault “He got really aggressive, and kept being like 'I'm Shannon Noll, let me back into the Crazy Horse', and punched a security guard. Then four policemen pinned him down and took him away in a police car.”

Latest blog articles

Textile & garment manufacturers pessimistic about 2017

access_time Jan 16,2017 chat_bubble_outline 57 views

Export growth has been slowing down for textile and garment firms, but the industry has not made a decision to target the domestic market.


Textile & garment manufacturers pessimistic about 2017

Le Tien Truong, general director of Vinatex, the largest domestic textile & garment group,,said 2016 was a very tough year for the industry.

“The growth rate of the industry was 5.2 percent, the lowest rate since 2008 with export turnover of $28.3 billion, or $1.7 billion lower than planned in early 2016,” he said.


Export growth has been slowing down for textile and garment firms, but the industry has not made a decision to target the domestic market.


Truong said this was a problem that all textile & garment exporters are facing as demand from import markets has decreased.

The demand from the US, for example, fell by 4.5 percent, Japan 1 percent, South Korea 4 percent. The EU is the only market which saw growth rate of 5 percent. This led to a sharp decline in export turnover of four out of the seven biggest export countries. 

China, for example, saw the turnover down by 4.5 percent, India 5 percent, Indonesia 5.4 percent and Pakistan 4 percent.

Turkey’s export turnover remained unchanged. Only Bangladesh and Vietnam saw the turnover increasing by 4.8 percent and 5.2 percent, respectively.

As such, Vietnam has the highest growth rate among the seven biggest exporters.

Also according to Truong, Vietnam still has high competitiveness which helps attract more customers. However, because of that reason, Vietnam has become the key rival for the other six competitors.

These countries approach clients with Vietnamese business characteristics and offers, but at lower prices,” he said. 

Truong doesn’t think the market would be brighter in 2017.

Bizlive also reported that 2016 was a gloomy year for textile & garment companies as the companies’ shares plummeted in prices, losing up to 50 percent of value. The information about the possible failure of TPP really disappointed investors who are holding textile & garment shares and they tried to sell them away.

Vietnamese textile & garment companies have been advised to return to the domestic market once demand from import countries decreases. However, Truong cannot see any bright prospects in the market.

“The Vietnamese domestic market is valued at $4.5 billion, while the total production capacity of all enterprises is $35 billion,” Truong said. 

Other big textile & garment export countries have domestic markets equal to or bigger than export markets. 

China, for example, has a domestic market worth $270 billion and export market worth $260 billion. Meanwhile, India's domestic market is three times larger than export market. 

“Vietnam is different from India, China and Malaysia,” he said, adding that Vinatex still strives to export 90 percent of its products.


Le Na

Sculptor defends Cristiano Ronaldo bust: 'I searched the internet'

Read on the original site chat_bubble_outline Read More...

New Pokémon: Major Announcement Coming To 'Pokémon GO' Tomorrow

Read on the original site chat_bubble_outline Read More...

Court ruling does not derail Brexit timetable, says UK PM May's spokeswoman

LONDON (Reuters) - The British government still plans to trigger formal divorce talks with the European Union by the end of March and does not believe a court ruling demanding parliamentary approval will derail that, Prime Minister Theresa May's spokeswoman said.England's High Court ruled on Thursday that the British government requires parliamentary approval to trigger Article 50 of the EU's Lisbon Treaty which starts up to two years of talks for Britain's departure from the bloc."Our plan… chat_bubble_outline Read More...

What Time Is The KKW x Kylie Cosmetics Collab Restock? Set Your Alarms

Read on the original site chat_bubble_outline Read More...

Ryan Reynolds and Blake Lively's daughters just made their red carpet debut

Read on the original site chat_bubble_outline Read More...

folder_open Assigned tags

Comments

Loading...

Trends in Singapore

Trends in Indonesia

Trends in Philippin