As anticipated, enterprises are seriously lacking workers after Tet, because laborers do not return after the Tet holiday. Production enterprises have been taking special measures to attract laborers. Enterprises in Song Thanh IZ are seeking workers A lot of boards with the invitations to work for the local companies have been installed along the 1A Highway, on the stretch of road from the Linh Xuan overpass in Thu Duc district to the Ga Crossroads in district 12. The My Dung garment and embroidery Company in the Song Than Industrial zone has installed a board informing that is seeking garment workers. The company promises to pay 4 million dong a month and other allowances, including the lunch and dinner, diligence allowances and bonuses for Tet and holidays. A lot of young men were seen coming to the Linh Trung Export Processing Zone on Sunday February 5 to look for jobs. A young man read the notice about the employment and took note on his book. “I wrote down the mobile … [Read more...] about Garment, footwear companies hunt for laborers after Tet
– The enterprises in garment and footwear industries the two biggest exporters of Vietnam – are expecting the opportunities to penetrate more deeply into the US market, when the Trans-Pacific Partnership TPP is signed. With TPP, the tariffs imposed on the goods that Vietnam and TPP-member countries export to the US would decrease gradually before they are absolutely removed. This means that when Vietnam’s garment and footwear products can be exempted from tax, it would have great competitiveness on the US market in comparison with other rivals. However, sources have said that a new problem has arisen after the latest TPP negotiation round. The US trade representative has asked to apply the “yarn forward” principle, with which, Vietnamese garment products can only enjoy preferential tariffs when yarn and post-yarn production stages (fabric, cutting and tailoring) are done in the countries that join TPP, and only fiber could be sourced from the countries … [Read more...] about Footwear, garment exporters put high hope on TPP
In addition, an association of American producers are working to get a tariff-related bill approved, paving the way for cutting taxes on several imported products. Vietnam earned 17 billion USD from leather and footwear exports in 2017, up 10% from 2016. The US was the biggest importer, accounting for 34% of the total revenue, followed by the EU. Vietnam’s footwear exports to major markets like South Korea, Japan, and China, asw stable growth, Lefaso said. … [Read more...] about Vietnam expects to export more footwear in 2018
Strong growth in footwear exports to U.S. Tran Thu By Tran Thu - The Saigon Times Daily HCMC – Vietnam’s footwear exports to the U.S are growing fast and projected to hold bigger share in this market while such products of China shipped to America are declining. Matt Priest, chairman of the Footwear Distributors and Retailers of America (FDRA), told a conference on how to enhance business efficiency of footwear factories held in HCMC on November 10 by the Vietnam Leather and Footwear Association (Lefaso) that Vietnam’s footwear exports to the U.S. had edged up nearly 16.5% this year. Meanwhile, America’s footwear imports inched up 1.6% only while China’s footwear shipments to the U.S. slid 4.4%. In addition to Vietnam, footwear exports of India, Cambodia and Ethiopia to the U.S. enjoyed good growth as well. Priest said market share of Vietnam’s footwear in the U.S. is forecast to climb to 12% in 2018 from the 10% recorded last year. However, … [Read more...] about Strong growth in footwear exports to U.S.
Apparel, footwear sectors face challenges in months ahead By Van Nam - The Saigon Times Daily HCMC – Challenges await apparel and footwear industries in the next couple of months as industry insiders still face multiple bottlenecks such as capital access hardship, material shortage and rising input costs. The country earned US$8.2 billion in apparel and textile exports in January-July, down 2% year-on-year, according to the Ministry of Industry and Trade. Yarn and cotton exports in the seven-month period reached US$1 billion, dropping 5.7% from a year ago. Footwear producers are projected to suffer a shortage of export orders until the next quarter. Moreover, labor shortfalls will adversely impact footwear businesses during the peak production. The country exported 34 million footwear products in the first seven months, showing a 19.7% year-on-year increase. … [Read more...] about Apparel, footwear sectors face challenges in months ahead