One Week Selected 10 Overseas Textile Information

1. Bangladesh exports $one billion worth of World Cup sportswear.

Bangladesh has exported US $one billion to 32 countries participating in the 2018 World Cup.

Hartmann, former vice chairman of Bangladesh knitwear manufacturers association, said that nearly 100 garment factories participated in the world cup sportswear production and the number of orders exceeded that of previous sessions.

2. Vietnam is making trouble again! Fellow countrymen working in Vietnam textile and garment factory!

According to the Chinese Embassy in Vietnam, the local time in June 10th, Vietnam Hu Zhiming City, Nha Trang, Hanoi, Da Nang and other places of illegal gathering, against the recent Vietnamese Congress to consider the "yuntun, North Yunfeng, the rich country special administrative and economic unit law" part of the law.

At present, the Vietnamese public security departments are closely monitoring relevant activities in accordance with relevant laws, and resolutely safeguard the more security and order.

3. China's textile and clothing exports continue to decline.

In May, total exports of textiles and clothing continued to decline in Renminbi.

The decline is relatively large.

According to the data released by the General Administration of customs, export of textiles and clothing was 147 billion 650 million yuan, down 8.3%, of which 70 billion 830 million yuan for textile exports, 1% for clothing, 76 billion 820 million yuan for clothing exports, and 14.1% for exports.

In 1-5, textile and apparel exports totaled 656 billion 280 million yuan, down 3.8%, of which 305 billion 230 million yuan was exported, 3.1% increased, 351 billion 50 million yuan for clothing exports, and 9% decreased.

4. can North Korea's fashion industry usher in new opportunities after the US DPRK meets?

The relationship between the leaders of the US and the DPRK, Trump and Kim Jeong-eun, has been occupying the headlines of the past few months.

While the two leaders have received much attention from the media, manufacturers in Asia have always focused on North Korea as the next destination for low-cost procurement of Asian destinations (source: first spinning).

5. Vietnam's exports grew from 15.8% to 1 in 2018. 15.8%

Vietnam exported $93 billion 90 million from 1 to May in 2018, and imports amounted to US $87 billion 900 million, growing by 15.8% and 8.2% respectively, with a trade surplus of US $3 billion 390 million.

The main export items include: mobile phones and components 19 billion 500 million US dollars, growing 19.8%, ranking first; followed by computers, electronic products and components, 10 billion 900 million US dollars, growing 14.2%; textile products 10 billion 700 million US dollars, increased by 13.3%; machinery exports amounted to US $6 billion 400 million, growth 29.7%; footwear exports 6 billion 100 million U. S. dollars, growth 7.9%; automobile component exports exported to US dollars, growing up; wooden products exported to US dollars, growing up.

6. overseas investors expand garment enterprises in Yangon, Burma.

According to the market price, in order to facilitate foreign investment, Yangon has set the lowest price and the highest price for land price.

Wu Dan, the Joint Secretary General of the Yangon Municipal Committee of Burma, said that the rent of the suburban land administered by the Yangon Municipal Council to investors was 1 to 5 US dollars to 13 US dollars.

At present, overseas investors expand garment enterprises in Yangon province and discuss with Yangon Investment Committee.

Under the new investment law, the provincial government has the right to approve foreign investment within 5 million dollars.

For the license of foreign enterprises with an investment amount of 5 million dollars, the Yangon Provincial Investment Committee will strive to sign the 1 month or 90 days.

7. the European Union's anti fraud Bureau suspects that a large number of Chinese clothing products are subject to customs fraud.

The EU anti fraud investigator suspects that Greece and Hungary have become the EU's worst hit in a fraud involving millions of euros.

The case is related to Chinese clothing and footwear products imported through China's new "Silk Road" project; the value of these imports has been underreported to pay less customs duties and sales taxes.

The large fraud case was first exposed in Britain, and the related violations have been in the country for many years, prompting the EU executive committee to request the UK to pay a $3 billion 100 million loss tax to the EU budget this year (source: Reuters Chinese).

8. Vietnam has become the global production center of Adidas sports shoes.

Vietnam investment magazine reported on May 29th that Adidas, the world's most famous sporting goods manufacturer, recently announced that Vietnam is the largest production center of the brand footwear, and Vietnam produced 44% Adidas in 2017.

And the largest share of Chinese factories has been reduced to 19%.

Vietnam's factory production share is expected to continue to rise in the next two years, and orders will soon exceed 50%.

Adidas's capacity pfer from China to Vietnam and other Asian countries began in 2012.

Other well-known brands such as Nike and Puma also moved to Vietnam 5-7 years ago, mainly due to low labor costs in Vietnam.

Although labor costs in Vietnam have risen in recent years, they are still lower than those in China, Thailand and India.

Secondly, Vietnam has a high degree of openness, and more and more agreements have been signed, which provide broad prospects for the export of sports brands.

9. panic! The crisis of China's apparel industry has intensified.

Fashion industry research and consulting investment organization expects that with the intensification of bankruptcy in the US and Europe, the trend will continue to be the local enterprises in the Chinese market. In 2018, it will be the first year of bankruptcy of Chinese apparel retailers, and a large number of enterprises will be faced with debt crisis by 2020.

At the beginning of this year, the debt default of Fujian's enterprises listed on Hong Kong stock market was so stunned that the debt crisis that the company was in was making it nearly one step away from bankruptcy liquidation.

Most of the local spinning and weaving enterprises concentrate on the scale of about 2 billion yuan. Over the past 3 years, a large number of mergers and acquisitions and leveraged pactions in the spinning and weaving enterprises will increase their liabilities. If the retail industry continues to fall or the competition becomes more intense, the default will happen one after another. In the high liquidity retail industry, high debt, high inventories and goodwill impairment, high labor costs and rents, any crisis is enough to drag the enterprise into the dilemma of bankruptcy reorganization.

Reuters reported that Turkey intends to impose new regulations on textile companies importing raw materials from the mainland, while the textile industry and the local Ministry of Economic Affairs held a meeting.

Turkey's textile industry is a major pillar of the country's economy.

About 18% of Turkey's $157 billion exports last year.

Exit.

Last year, the import volume of textiles in Turkey amounted to US $10 billion 100 million, of which 1/4 came from the mainland, and more than half of them were cotton fabrics and processed products. (source: Taiwan times information)