Vietnam Textile Index Rose In September

According to the report of the General Statistics Office of Vietnam, the index of Vietnamese industrial production in September (2014) increased by 8.6% over the same period last year.

Among them, the processing and manufacturing industry grew by 9.2%, electricity production and distribution grew by 12.6%, water supply, waste water and garbage disposal industry grew by 6.8%, and mining industry grew by 5.6%.

In the first 9 months of this year, Vietnam's industrial production index grew by 6.7% over the same period last year.

Among them, the manufacturing industry grew by 8.3%, electricity production and distribution grew by 11.2%, water supply, waste water and garbage disposal industry grew by 6%, and the mining industry grew by 0.4%.

Compared with the same period in 2013, the growth industries include: electronic products, computers and optical products surged by 35.9%; leather and related products grew by 20.7%; engine vehicles grew by 18.9%;

Growth 18.8%; casting metal products (except mechanical equipment) growth 13.5%; paper and paper products growth 12.1%; uniformed growth 11.4%; power production and distribution growth 11.2%.

The growth of industrial products compared with 2013 includes: mobile phone growth 47.3%, car 27.5%, fresh milk 20.9%.

19.8%, the use of fiber weaving 16.1%, TV 15.6% and other products.

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Li Zhiliang, Vice Minister of the Ministry of international trade and industry of Malaysia, pointed out that the export volume of textiles in Malaysia in the first half of this year (2014) was 5 billion 800 million MA (about 1 billion 782 million US dollars), which grew by 20.8% over the same period (2013). The main export products were textile yarns, garments and fabrics. The main export markets were the United States, Japan, mainland China, Singapore and the mainland. The import volume was 4 billion 200 million Ma, which grew 13.5% over the same period last year. The main imports were textiles and garments, and the main source of imports was China, Indonesia, Vietnam, Taiwan and Thailand.

Malaysia's textile exports amounted to 10 billion 200 million Malaysian dollars last year and its imports amounted to 7 billion 700 million ma.

Ma's textile production index reached 108.8 points in the first half of this year, up 12.7% from the same period last year, indicating that the textile and garment industry has been restored to normal and expanded trend by the economic recovery.

Vice Minister Li continued that the Malaysia textile and garment industry had no longer enjoyed the EU general preferential system since January 1st of this year. However, the Malaysia Turkey free trade agreement can still be used to export products to the European Union for tax preferences.

On the other hand, Zheng Wentian, President of the General Chamber of Commerce of the Malaysia clothing department store, pointed out that the recent weakness of the Malaysian currency has directly impacted on the import and export business of the textile and garment industry in the country. In addition, the 6% consumption tax will be implemented in Ming (2015) April 1st, resulting in a weakening of the purchasing power of consumers, a decrease in the sales volume of the operators, and some manufacturers facing the cash flow dilemma.

The canal appeals to the Malaysia government to sympathize with the public, such as arranging the financing of small and medium sized enterprises to help the industry bail out.

President Zheng called on the Malaysia government to cancel the import tariff of cloth garments, so as to reduce the cost of doing business and sell cheap goods, so as to attract tourists to purchase, in addition to earning foreign exchange, it also promotes the development of tourism.