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Exhibition Status Update!

With 3 weeks until SHOWTIME, the 20th Anniversary edition welcomes an All-Star cast of new and returning exhibitors, making up the largest DOMOTEX asia/CHINAFLOOR to date. Due to high demand in all product...

Global designers to exhibit at Luxury Br…

Designers from Europe, Middle East and North America will exhibit at the upcoming Luxury Brands Carpet Show. The second edition of the curated Luxury Brands exhibition and designer carpet collection is scheduled to...

H&M to dress Swedish teams for Olymp…

Hennes and Mauritz Group (H&M) will dress the Swedish teams for the Winter Olympics and Paralympics in PyeongChang 2018. The company will create outfits for the opening and closing ceremonies. The collection will...

Saurer to show Allma TechnoCorder TC2 at…

Saurer Technologies GmbH & Co. KG Twisting Solutions, a leading provider of energy efficient solutions for tire cord, carpet, staple, glass filament, and industrial yarns, will present its Allma TechnoCorder TC2 innovative machine...

Cone Denim and Unifi launch S Gene with …

Cone Denim and Unifi have launched the latest in advanced stretch technology - S Gene with Repreve . Combining the advanced stretch technology of S Gene with the superior sustainability and performance of...

Shima Seiki to partake in Premiere Visio…

Leading computerised knitting machine developer, Shima Seiki Mfg., Ltd., is set to participate at the Premiere Vision show, a global event for fashion professionals, to be held in Paris, from February 13 to 15, 2018...

Measurably more productive and econom- i…

Even if the winding machine is only responsible for about 10-15% of the energy consumption (compressed air and electrical energy) when considering the classic ring spinning process, these criteria play an important role...

Wool to dominate at Intertextile Shangha…

Some 3,300 exhibitors from around 20 countries covering all apparel fabrics and accessories product groups are expected at the Spring Edition of the industry’s most comprehensive sourcing platform for the spring/summer season, Intertextile...

Vinatex, Petrovietnam discuss fibre production and supply



Mr. Van Hau (3rd from Left) congratulating Mr.Tien Truong

(Vietnam)

Do Van Hau, General Manager of Vietnam Oil and Gas Group (Petrovietnam) visited the office of the Vietnam Textile and Garment Group (Vinatex) and met Le Tien Truong, who was promoted as Director General of Vinatex earlier this month.

After congratulating Mr. Tien Truong for becoming the new Director General of Vinatex, the Petrovietnam representatives had a meeting with Vinatex officials wherein both sides discussed business situation in the first six months of 2014.

The representatives of two large state-owned corporations also discussed interconnected solutions to promote mass consumption of products, particularly cooperation in the production of fibres, and the supply of polyester fibres to the textile industry in order to reduce dependence on imports.

Vinatex intends to gradually increase localization ratio in its textile exports, i.e. increase the quantity of domestic raw materials in textile end-products meant for exports, as it would bring in more profits and foreign currency for the country.

In recent months, Vinatex has invested in raw material production for its garment sector, in light of the expected trans-pacific partnership (TPP) and other agreements, which follow yarn-forward principle for eligibility of garments to avail duty-free facility.

Vietnam may sign a free trade agreement (FTA) with the European Union this year, which would provide many advantages for Vietnam’s export products, especially textiles. There is also a possibility of Vietnam signing a FTA with the Customs Union of Russia, Belarus and Kazakhstan.

In 2013, Vinatex’s export turnover reached $2.9 billion, and the company is striving to achieve export turnover of $5 billion by 2020.

On the domestic front too, Vinatex has made inroads in the apparel market over the past five years. The domestic revenue of Vinatex Group was 15.74 billion dong in 2010, which increased by 18 percent to 18.518 billion dong in 2011, followed by an increase of 6.4 percent to 19.7 billion dong in 2012, and by 6 percent to 20.8 billion dong in 2013.

From January to June 2014, Vinatex’s inland revenue is estimated at 11.086 billion dong, which is an increase of 10 percent year-on-year.

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interview with Domotex Director / Ms. Susanne Klaproth   Could you please give us a br...

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Arab Carpet and Flooring Expo 2017

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Farsh Online: New window to Carpet E-com…

  Online Carpet Sale: Still Accelerating Farsh Online is the first online carpet sale in...

Zartosht; An Experience Ranging from Han…

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Dr. Karegar speaks on return of Iranian …

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Interview with Mrs Regina Brückner

Kohan Textile Journal Interview with Mrs Regina Brückner, Chairperson, VDMA Textile Mac...

Interview with Ms Wendy Wen

Kohan Textile Journal Interview with Ms Wendy Wen, Senior General Manager, Messe Frankf...

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Interview with Mr. HE Tong Tong

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Persian Sarouk rugs are highly regarded

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Interview with Mr. Hamidreza Moshiri

Kohan Textile Journal Interview with Mr. Hamidreza Moshiri, Managing Director of Mashha...

Interview with Mr. Morteza Ghahari

Kohan Textile Journal Interview with Mr. Morteza Ghahari, Managing Director of Khatereh...

interview with Mr. Saleh Nasser Alsoray…

interview with Mr. Saleh Nasser Alsorayai Managing Director of Alsorayai Machine ...

Interview with Mr. Ziadi

Baradaran-e Ziadi Carpet Company has an outstanding experience in the business of handma...

Interview Mr. Ahmad Sadeghian

Kohan Textile Journal interview with Mr. Ahmad Sadeghian (General Manager of Setareh Ka...

Interview with Mrs Ulrike Wechsung

Kohan Textile Journal Interview with Mrs Ulrike Wechsung Director of Heimtextil Exhibi...

Interview with Mrs Mara Bormann

Good looking and waterproof: Fabrics for Yachting ...

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Kohan Textile Journal

Middle East Textile Journal

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