Ho Chi Minh City, Vietnam, has become a bustling hub for the global garment-textile and footwear industries as a series of international trade fairs opened their doors at the Saigon Exhibition and Convention Centre on October 25.
Vietnam's trade ties with the United States continue to flourish, with September's exports to the U.S. reaching an impressive estimated value of $8.11 billion. These numbers have contributed to a remarkable total of $70.23 billion in exports to the U.S. during the first nine months of the year, solidifying the United States as Vietnam's top importer of commodities in this period. Notably, garment exports alone accounted for $11 billion of these exports.
The Pakistani textile industry faces a complex situation. Spinners are requesting concessions due to rising power and energy tariffs, but a surprising 33.5 percent surge in yarn exports during the first quarter of FY 2023 contradicts these claims. This period coincided with increased power and energy rates.
Sri Lanka's apparel industry is embracing organic manufacturing, with a focus on producing eco-friendly clothing using organic textiles. The Joint Apparel Association (JAAF) has noted an increasing number of Sri Lankan companies obtaining Global Organic Textile Standard (GOTS) certification, indicating a growing awareness of international best practices and sustainability within the industry.
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