Vietnam's consumer price index (CPI) experienced a slight uptick in April, primarily attributed to an increase in petroleum prices, according to data released by the General Statistics Office (GSO). The CPI rose by 0.07 per cent month on month (MoM) and by 4.4 per cent year on year (YoY), marking a modest yet noticeable fluctuation in the country's inflationary landscape.
Iran's textile industry has shown remarkable growth, with exports reaching $500 million in the previous Iranian calendar year (March 21, 2023, to March 19, 2024). This surge in exports underscores the industry's increasing significance on the global stage. The majority of Iran's textile products found their way to markets in neighboring countries, with Iraq, Afghanistan, and Russia emerging as key destinations, accounting for 26%, 18%, and 6.0% of Iran's total textile exports, respectively.
In a bid to rejuvenate the jute sector and bolster its associated industries, Bangladesh is set to establish a dedicated Jute Council, announced Textiles and Jute Minister Jahangir Kabir Nanak during the annual general meeting of the Bangladesh Jute Mills Association (BJMA).
The home textile industry, once a cornerstone of global exports, experienced a downturn for over a year. However, there are promising signs of revival, with three South Asian countries – India, Pakistan, and Bangladesh – emerging as contenders for dominance in this resurgent market.
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