AHK Vietnam - Delegation of the German Industry and Commerce in Vietnam’s Post

Concrete action and achievement from ASEAN... As the appealing and convenient location for ITMA ASIA + CITME 2025, Singapore sits at the heart of the ASEAN region. It is surrounded by major garment and textile manufacturing countries including Cambodia, Indonesia, Malaysia, Myanmar, Thailand and Vietnam. Textile and clothing exports from all of these countries have climbed significantly since the end of restrictions due to the Covid-19 pandemic. The rise of Vietnam as a textile and clothing giant since joining the WTO in 2007 has been particularly notable – in the following 15 years its global exports climbed by a remarkable 469%. Today, almost 3 million people are employed in Vietnam’s textile industry and it is now the second largest garment exporter in the world, supplying 6.4% of the world’s apparel exports. Read more - https://lnkd.in/eB6qVCGU #textiles #apparel #itmaasia #textilemachinery #innovationintextiles ITMA Asia + CITME SG 2025 Adrian Wilson

Vietnam's denim manufacturing industry offers several advantages that can significantly enhance your business operations: ➡️ Cost-Effective Production: Vietnamese clothing manufacturers provide competitive pricing due to lower labor and transportation costs, allowing companies to produce more while reducing expenses. ➡️ Skilled Workforce: The country boasts a highly skilled and adaptable workforce, capable of meeting diverse production needs and maintaining high-quality standards. ➡️ Robust Infrastructure: Vietnam's well-developed infrastructure and favorable business environment enable efficient production processes and swift delivery times, enhancing its appeal to global brands. ➡️ Strategic Trade Agreements: Vietnam's participation in multiple bilateral and multilateral trade agreements facilitates seamless international trade, positioning the country as a preferred manufacturing hub. Explore our services and discover how we can meet your denim manufacturing needs: https://lnkd.in/gST9Qczt #DenimProduction #Denim #VietnamManufacturing #QualityApparel

In this dynamic global environment, retailers often face tough dilemmas about sourcing from challenging markets. We at EuroCham Myanmar have developed a robust support framework to assist companies in navigating uncertainty. This framework includes regular fact-based information provision from our team in Yangon and stakeholder engagement to support their due diligence.   Importantly, we have a solid partnership with sequa gGmbH under the MADE in Myanmar (https://lnkd.in/gErUagbF) programme, which allows us to provide comprehensive support and assistance across the Scope 3 suppliers – critical under the upcoming EU sustainability legislation. By operating in a responsible way, brands can and should improve the working conditions in Myanmar's garment and footwear sector.   We are excited to see that our valued member VAUDE is evidencing this by issuing a statement regarding their sourcing in Myanmar, emphasizing the importance of securing quality jobs and fair remuneration.   “Together with our producers, we are dedicated to the preservation of jobs and good working conditions in Myanmar. <….> We have maintained our long-standing partnerships because we believe that the best way to support the people in the country is by helping to secure jobs and, consequently, the livelihoods of the workers”. Read more about VAUDE's approach in Myanmar here (https://lnkd.in/gc6Tg9ZJ) and reach out to learn more about our work and support for ensuring sustainable business practices in a challenging context. #EuroChamMyanmar #VAUDE #MADEinMyanmar #Sustainable

On Monday December 2nd, EuroCham Cambodia's Garment & Manufacturing Committee and the Responsible Business Hub is hosting the ENVIRONMENTAL GARMENT BRANDS MEETING at Novotel Hotel in Phnom Penh. Launched in 2021 by EuroCham Cambodia and H&M, this bi-annual meeting has quickly become a key platform for professionals to engage in critical discussions surrounding environmental issues in Cambodia's garment and textile sector. This invitation-only event is designed specifically for garment sourcing managers, CSR managers, responsible sourcing managers, and other professionals working with brands that source in Cambodia. With more than 53 participants from 22 brands at the last meeting, this gathering continues to grow, bringing together key players in the sector to address pressing sustainability challenges. 🌍 Why Participate? - Network with industry peers and thought leaders - Share insights on sustainability trends in garment sourcing - Collaborate on solutions to common environmental challenges - Discuss synergies for advancing responsible sourcing in Cambodia 📅 Please note: This event is closed to the public and is exclusively for professionals directly involved in garment sourcing operations in Cambodia. For more details or to express interest in attending, please contact our Sustainability & Garment Expert: Massimiliano Tropeano 📧 massimiliano.tropeano@eurocham-cambodia.org #SustainableSourcing #TextileIndustry #Cambodia #EuroCham #ClosedDoorEvent #CSR #CircularFashion #TextileWaste #ResponsibleBusiness #RBHCambodia #ResponsibleSourcing #HREDD #GFTSector

Why Did We Choose to Build #Factories in #Cambodia? 🏭 Cambodia has always held a significant position in SYS's #overseas strategic layout. It is the site of SYS's first overseas factory and serves as our largest production hub with the most factories. Currently, we have established seven factories in Cambodia, with 120 production lines and a capacity of 16 million pieces. 📦✨ In 2022, the industrial sector accounted for 33.7% of Cambodia's GDP, bolstered by the Generalized System of Preferences (GSP) from developed countries, which has facilitated rapid economic growth. 📈💼 Since becoming a member of ASEAN and the WTO, Cambodia's total #import and export trade reached $46.83 billion in 2023, with market access and tariff preference policies further enhancing export competitiveness. 🌍📊 Additionally, Cambodia's workforce is young and adaptable, aligning with SYS’s sustainable vision of promoting local economic #development and increasing employment opportunities. #Apparel #Supplier #customers #sweaters #trench #blazers #padding #design #style #fashion #textile #garment #manufacturer

🌏 Vietnam’s Manufacturing Industry: A Growing Hub for Sustainable and High-Quality Production 🌟 Vietnam is fast becoming a key player in the global manufacturing landscape. 📈 Post-COVID, we’ve seen a significant shift as companies diversify their supply chains, with Vietnam emerging as a favored destination. Strategic location, competitive labor costs, and favorable trade policies have fueled this growth, attracting $15.3 billion in FDI in manufacturing just in 2023! 💼🏭 Yet, let’s not forget the global giant 🌐: China remains the manufacturing powerhouse, contributing over 31% of global output. While Vietnam is gaining momentum, China’s unmatched infrastructure and skilled workforce ensure its dominance. Key highlights: ✅ Sustainability Trends: Vietnamese manufacturers are embracing renewable energy and green practices. ✅ Sector Growth: Electronics, textiles, and furniture industries lead the way. ✅ Opportunities: Vietnam is adopting Industry 4.0 and digital transformation to remain competitive. As the global manufacturing landscape evolves, Vietnam is carving its space while China continues to lead. It's an exciting time for businesses operating in or exploring these markets. #Manufacturing #Vietnam #Sustainability #GlobalTrade

As businesses globally continue to seek competitive advantages in their supply chains, Vietnam emerges as a compelling option that goes beyond just cost savings. Here’s why you should consider Vietnam for your sourcing needs: 1. Strategic Economic Growth Vietnam has been rapidly developing its manufacturing capabilities since the economic reforms of 1986. The country's commitment to creating an investment-friendly environment has attracted businesses from around the world, making it a bustling hub for manufacturing and exporting. 2. Cost-Effective Manufacturing One of the primary attractions to sourcing from Vietnam is the significant cost advantage it offers. Labor costs in Vietnam remain lower than in many neighboring countries, allowing companies to enjoy reduced production expenses without compromising on quality. 3. Diverse Manufacturing Ecosystem Vietnam's industrial sector is not limited to traditional textiles and footwear; it has expanded into electronics, furniture, and agricultural products. This diversity allows businesses to source a broad array of goods from a single geographical location, simplifying logistics and operations. 4. Robust Workforce The workforce in Vietnam is young, skilled, and growing. Government investments in education and vocational training ensure that the labor force is not only large but also adept at meeting the complex demands of modern manufacturing processes. 5. Favorable Trade Agreements Vietnam's active participation in key trade agreements, such as the CPTPP and the EU-Vietnam Free Trade Agreement, provides streamlined and favorable trading conditions. These agreements facilitate smoother and more cost-effective import and export processes, enhancing Vietnam’s appeal as a sourcing destination. 🚀 Ready to explore the opportunities that Vietnam has to offer? Visit our website at VietnamSourcingCompany.com to learn how we can assist you in navigating the Vietnamese market with ease. #Sourcing #Vietnam #SupplyChainInnovation

Srilankan textile export to the EU accounts for 29% of the total textiles export. With the EUCSDDD regulation now a reality, the Srilankan textile industry preparedness is imperative. Solidaridad Asia in Srilanka and The Joint Apparel Association Forum Srilanka in a momentus occasion signed a Memorandum of Association to ensure continued exports to the EU markets in compliance with the new directive. A EUCSDDD Toolkit developed by Solidaridad was unveiled at the event.

𝐍𝐞𝐰 𝐒𝐭𝐮𝐝𝐲 𝐀𝐧𝐧𝐨𝐮𝐧𝐜𝐞𝐝: 𝐒𝐞𝐜𝐨𝐧𝐝𝐡𝐚𝐧𝐝 𝐂𝐥𝐨𝐭𝐡𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐢𝐧 𝐍𝐢𝐠𝐞𝐫𝐢𝐚 On October 24, 2024, at #LagosFashionWeek, we proudly introduced an exciting new study on 𝐭𝐡𝐞 𝐒𝐞𝐜𝐨𝐧𝐝𝐡𝐚𝐧𝐝 𝐂𝐥𝐨𝐭𝐡𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐢𝐧 𝐍𝐢𝐠𝐞𝐫𝐢𝐚. Announced during the Fostering a Sustainable Fashion Ecosystem workshop organized by Holland Circular Hotspot this study aims to shed light on the dynamic intersection of sustainability and fashion in Nigeria. The study will: 📌 Map the secondhand clothing market in Nigeria, analyzing consumer demand, international trade, and the fast-changing fashion landscape, including ultra-fast fashion and local design. 📌 Evaluate the social and environmental impacts of secondhand clothing and textile waste. 📌 Identify sustainable, market-friendly approaches to reduce textile waste, foster local business growth, and enhance Nigeria’s circular economy ecosystem. Led by the Nigerian Circular Business Platform in collaboration with Nigerian stakeholders, the Dutch Consulate in Lagos, and the Netherlands Human Environment and Transport Inspectorate, this study represents a crucial step toward a sustainable fashion future in Nigeria. Stay tuned for updates on this impactful initiative! Inspectie Leefomgeving en Transport Netherlands Enterprise Agency Netherlands Michel Deelen Opeyemi M. Oriniowo Dr. Natalie Beinisch Stéphanie Schuitemaker Kim Aplonia Poldner Peter Keulers Muyiwa Gbadegesin, PhD Adebola Odunsi Oreoluwa Finnih Office of the Special Adviser to the Lagos State Governor on Climate Change and Circular Economy #CircularEconomy #SustainableFashion #NigeriaTextileRevolution

Forvis Mazars in Vietnam Partner Minh Nguyen shared expertise at the high level dialogue “On-the-Spot Import and Export: Opportunities and Challenges” hosted by EuroCham, in collaboration with Vietnam Leather, Footwear and Handbag Association (LEFASO) and Vietnam Textile & Apparel Association (VITAS) in Hanoi. The event attracted nearly 100 in-person attendees and 170+ online participants, fostering a dynamic dialogue on this emerging trade model. Forvis Mazars in Vietnam Partner, also EuroCham’s Vice Chairman Minh Nguyen delivered an insightful presentation on the origins, challenges, and practical solutions for Vietnam’s on-the-spot import and export model. In a featured interview after the event with VTV1, Minh emphasized that the abolition of the On-the-Spot Import Duty policy may reduce the incentive for foreign enterprises to expand their supply chains in Vietnam as those established under this mechanism have played a crucial role, and businesses are currently proposing the continuation of this policy to preserve the country's competitive pricing advantage for export products originating from Vietnam. Meanwhile, there is a notable rise in optimism among European businesses regarding Vietnam's economic prospects as the Business Confidence Index (BCI) of European enterprises in Vietnam has reached its highest level in over two years, reported EuroCham. Minh remarked: "Vietnam’s recent restructuring efforts and strong declarations about ushering in a new era with renewed momentum for growth and reform have boosted the confidence and expectations of European enterprises. The government’s proactive measures in addressing challenges in the energy sector are expected to make 2025 a focal point for European investors, alongside growing interest in the manufacturing and processing industries." 👉 Watch full stories: 📌 https://lnkd.in/gy53d5NR 📌 https://lnkd.in/gjCJSVtj #ForvisMazars #ForvisMazarsinVietnam #business #customs #importexport