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Official Gazette

Friday, July 1, 2022
Tags: yarn
Bright outlook for textile industry but investors should still be cautious Bright outlook for textile industry but investors should still be cautious
The textile and garment industry is forecast to have a bright prospect in 2022, but as share prices have increased sharply since 2021, many stocks may not continue to rise significantly.
Brocade weaving craft of the Ta Oi Brocade weaving craft of the Ta Oi
The Ta Oi is among 21 Mon-Khmer language ethnic groups with a population of more than 43,800 residing mainly in A Luoi district of Thua Thien Hue province and Huong Hoa and Da Krong districts of Quang Tri province in Central Vietnam.
Cotton weaving craft of the Muong Cotton weaving craft of the Muong
Weaving is the traditional craft of the Muong. It is handed down from mother to daughter. Muong women will only be regarded as hardworking and skillful if they are good at cotton cultivation and weaving.
Cotton weaving craft of the Nung Cotton weaving craft of the Nung
Weaving is the most important craft in the Nung’s life. It is handed down from mother to daughter. All Nung families used to have looms and the number of looms equaled to that of daughters they had. Apart from housework and child care and nurturing, Nung women have to be good at cotton cultivation and weaving.
Commentary on the 2020 Enterprise Laws new provisions on joint-stock companies Commentary on the 2020 Enterprise Law’s new provisions on joint-stock companies
Although there are no landmark or breakthrough changes in the 2020 Law on Enterprises, it still provides necessary and timely amendments and supplements, making it easier for businesses and investors as well as state management agencies to navigate. In this article, the author only discusses and clarifies the new basic provisions on joint-stock companies of the 2020 Enterprise Law in order to raise awareness about and help improve effectiveness of enforcement for this type of company.
Deputy PM wants to increase value of Vietnamese brands Deputy PM wants to increase value of Vietnamese brands
Deputy Prime Minister Vuong Dinh Hue has asked the Ministry of Industry and Trade and relevant departments to join hands to increase the value of Vietnamese brands to make inroads into international markets.
Is TPP a game changer for the Vietnamese textile and clothing industry? Is TPP a game changer for the Vietnamese textile and clothing industry?
Following the launch of a transition process from a planned to a market economy in 1986, the textile and clothing industry was one of the first industrial sectors to establish itself and start growing. It is a trend that has continued until today, and one that was given an extra boost following accession to the World Trade Organization (WTO) in 2007. The textile and clothing industry receives a great deal of support from the Vietnamese government: ambitious plans were drawn up to develop the sector further. Although the figures vary, it is estimated that 2.5 million people are employed in this sector, with most of the workers being women. The Vietnamese Textile and Apparel Association (VITAS) recently estimated that the sector comprises a total of more than 5,000 companies, of which approximately 4,500 are sewing rooms, 500 weaving mills and 100 spinning mills. Currently, textile and apparel account for 13.6 percent of Vietnam’s total export value; accordingly the sector ranks second only to electronic products in terms of net proceeds.
Bringing rules on import and export duties in line with signed FTAs Bringing rules on import and export duties in line with signed FTAs
As scheduled, the draft revised Law on Import Duty and Export Duty will be submitted to the National Assembly for passage at the year-end session. The draft Law contains many new provisions aiming to build a healthy economic environment, facilitate production and export activities, and implement international commitments. This article introduces the most important contents of this draft.
Economic law perfection helps promote Vietnams economic growth and international integration Economic law perfection helps promote Vietnam’s economic growth and international integration
The market economy operates largely on its own but that does not mean it does not need state management, administration and intervention at a certain degree.
Vietnam debates TPP: free trade and beyond Vietnam debates TPP: free trade and beyond
With negotiations for the TPP between the 12 member countries reaching a critical stage, a major debate has broken out in the Vietnamese media. Scholars in Vietnam and abroad are discussing the economic tradeoffs for Vietnam, the implications for Vietnam’s growth model as well as the strategic implications behind this possible joining.

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