Vietnam's garment exports to the UK increase

Making garment products at Thagaco Garment JSC in Thai Nguyen (Photo:VNA)- Vietnam's garment exports to the UK increased in August as Vietnamese enterprises take advantage of the UK-Vietnam Free Trade Agreement (UKVFTA) to expand their presence in this market.The latest data of the General Department of Vietnam Customs shows Vietnam shipped 92.4 million USD worth of garment products to the UK in August, up 3% month-on-month and up 88.6% over the same month in 2021.Ending August, the country's garment export reached 560.4 million USD, registering a year-on-year growth of 45%.The figure for the whole industry was 26.3 billion USD in the past eight months, up 24.3% over the same period of last year.According to Vietnam Textile and Apparel Association's vice chairman Truong Van Cam, despite challenges in some main exporting markets, Vietnam 's textile and garment industry is set to earn 45 billion USD in exports in 2022 compared to 40.3 billion USD last year.Vietnam is currently the world's third largest exporter in this sector. Its main markets include the US, the Republic of Korea, Japan and Europe.Cam said the industry is facing many difficulties at the end of this year, including steep fall in export orders due to soaring inflation in major markets and rising input cost. China's strict pandemic control, where more than 50% of raw materials for the Vietnamese textile and garments are sourced, has pushed up input costs.In addition, the EU introduced new regulations on the textile industry, including replacement rates, green products and switching from fast fashion to sustainable fashion, which makes it harder for Vietnamese apparel products enter this region.In this context, the UK is emerging as a promising market. Research by Kantar from the Guardian shows that despite rising living costs, UK shoppers are spending more on clothing, defying expectations of a slowdown in non-essential products.Kantar's data showed Brits are spending almost a fifth more on clothing than last year, taking the value 1% ahead of the pre-pandemic figure.The UK is among the top 10 largest markets for Vietnam's garment export, with a value of around 600 million USD in 2021, accounting for less than 2% of Vietnam's total export value. However, with the advantage of lower tariffs thanks to the UKVFTA , Vietnam has a big chance to expand its market share.Under UK VFTA, about 42.5% of Vietnamese textile and garment exports will be liberalised at entry into force, while some garment products will see tariffs eliminated after six years.However, according to market insiders, Vietnamese exporters should strictly comply with the UK's requirements on the origin of products and other technical barriers such as input materials, labour and environment./.

September 13, 2022 00:16 UTC


Events held in American countries to mark Vietnam’s 77th National Day

Argentinian Deputy Foreign Minister Pablo Anselmo Tettamanti (L) talks to Vietnamese Ambassador Duong Quoc Thanh at the celebration on September 9. (Photo: VNA)Vietnamese Ambassador to Mexico Nguyen Hoanh Nam (fourth from right) and guests pose for a photo at the ceremony on September 8. (Photo: VNA)– Different events have taken place in Argentina , Mexico, and Cuba to celebrate the 77th National Day of Vietnam (September 2).Addressing a celebration on September 9, Vietnamese Ambassador Duong Quoc Thanh highlighted the milestones since the foundation of the Democratic Republic of Vietnam, now the Socialist Republic of Vietnam, on September 2, 1945.Regarding the Vietnam - Argentina relations , he said despite difficulties caused by the COVID-19 pandemic, the two countries have been promoting their comprehensive partnership strongly.Argentinian Deputy Foreign Minister Pablo Anselmo Tettamanti extended congratulations on the National Day of Vietnam and expressed his admiration for the country’s socio-economic achievements.He noted amid the complex international situation, the two countries have maintained their friendship and solidarity while expanding cooperation to many potential fields and strengthening their position as important partners of each other.He expressed his hope that both sides will further step up bilateral cooperation for the sake of the two peoples.At another ceremony marking the National Day on September 8, Vietnamese Ambassador to Mexico Nguyen Hoanh Nam said over the last 77 years, Vietnam has received substantial support and assistance from peace-loving people and progressive forces around the world, including Mexico.Noting the flourishing cooperation and friendship in all spheres, he added the countries have continually supported each other at multilateral forums, including the United Nations, and that their relevant agencies are actively working to lift bilateral relations to a new level.Fernando Gonzalez Saiffe, Director General for Asia-Pacific at the Mexican Foreign Ministry, affirmed that to his country, Vietnam is always a priority partner and a trustworthy friend.Although bilateral trade has been thriving over the last decade and approximated 9 billion USD in 2021, the two countries have yet to fully capitalise on their cooperation potential, the official pointed out, calling for stronger partnerships in politics, economy, culture, and education to work towards a comprehensive partnership.In Cuba, the Asian museum of the Historian Office of Havana held a literature and painting contest on Vietnam and its late President Ho Chi Minh for children.Director of the museum Yamir Macías Aguiar said the contest, launched in July, attracted more than 50 children, most of whom were students of the Socialist Republic of Vietnam School and the Carlos Paneque school.Vietnamese Ambassador to Cuba Le Thanh Tung emphasised that the contest helped Cuban people, especially children, learn more about the Vietnamese people’s struggle for national independence, national development process, and heartfelt sentiment towards the Cuba people./.

September 11, 2022 23:34 UTC


Vietnam, Laos, Cambodia hold joint search and rescue exercise

Vietnamese military officers gather at the opening of the joint search and rescue exercise with Laos and Cambodia on September 10. (Photo: VNA)Military officers are putting a fake victim on an ambulance at the scene of the drill. (Photo: VNA)The defence ministries of Vietnam, Laos and Cambodia launched a joint search and rescue exercise in Vientiane, the capital city of Laos , on September 10.It is the first drill organised under an agreement inked at a defence ministers’ meeting among the three countries in Hanoi in 2019. It will run through September 15.In his opening address, Lao Deputy Minister of National Defence Lt. Gen. Chanthong Sonate-at said the three countries’ governments and armed forces give priority to preventing and responding to threats by natural disasters and climate change-related issues, for examples flooding, storm, tsunami, earthquake, landslide, drought and others.He highlighted the significance of the exercise, noting it not only aims to build capacity and expertise in responding to natural disasters in any circumstance, but also provides an opportunity for the three sides to step up experience and cultural exchanges, contributing to strengthening the solidarity and trust among them.Close to 500 military officers from the three countries gathered for the drill which focuses on search and rescue in areas hit by floods and landslides, and where there are collapsed buildings and spills of toxic chemicals.Senior Colonel Pham Hai Chau, Deputy Director of the Vietnam Search and Rescue Department at the Vietnamese Ministry of National Defence’s General Staff, said Vietnam takes part in most of the event’s categories. Vietnam has deployed its engineering and air forces, helicopters and boats in water search and rescue, he said, adding that modern, multi-purpose vehicles and military medicinal forces have been mobilised for the drill in building collapses and toxic chemical spills./.

September 11, 2022 20:38 UTC


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