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NEWS UPDATES Asean Affairs   1ุ6  June  2016  

Vinatex expects exports to grow 10% in 2016

The Viet Nam Textile and Garment Group (Vinatex) is expecting the export turnover to grow by 10 per cent this year to US$2.6 billion.

At the annual shareholders’ meeting in H? N?i yesterday, Vinatex General Director L? Ti?n Tr??ng said that the group would focus on supporting its subsidiaries in trade promotion to enlarge export markets to meet the target.

The group would also set up research boards on free trade agreements to take up the initiative in building effective business and investment strategies, Tr??ng said.

Vinatex has invested in developing supply chains from materials to finished products over the past year. After launching operations of the Ki?n Giang project in 2015, the group is completing the Ph? H?ng Fibre Plant and a yarn dyed cloth project.

Besides, the group has also developed the Supply Chain Development Centre (SCDC) to be dependent on material sources. So far, the SCDC has eight regular customers for garment products and has been developing 20 customers in the United States, Europe, South Korea and Japan. The centre has had 10 customers for cotton and fibre and has been developing 30 customers for its products in Chile, China, Thailand, and Malaysia, in addition to South Korea.

Vinatex gained good business results last year with high growth rates from 7 per cent to 13 per cent from most of its large export markets. The group reported an export value of $2.37 billion and a pre-tax profit of VN?628 billion last year.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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