Vietnamese garment industry faces fierce competition from China, Myanmar

Competition in the world garment market is forecast to be stiffer, not only with China but also with countries such as Myanmar and Cambodia as they increase competitive pressures on Vietnamese products. The information was announced at a seminar on the prospect of garment exports in 2018 held in Ho Chi Minh City on November […]

Myanmar’s largest Chinese-invested garment company launches new factory

YANGON, Oct. 27 (Xinhua) — Myanmar’s largest Chinese-invested garment company launched a new factory in Yangon on Friday. Myanmar SUMEC Win Win Garments Co., Ltd, Myanmar’s largest exporter in garment sector, and a branch of SUMEC Textile and Light Industry Co., officially started operating a new factory in Shwe Pyi Thar Industrial Zone in Yangon. […]

Industry, govt hit back at garment factory report

DURING a news conference held by garment businesses on October 4, the Yangon regional government asked ActionAid Myanmar to revise its report about safety standards for women working in garment factories, calling the report inaccurate. In response to ActionAid’s report, an inspection tour of the factories mentioned in the report was made by Yangon Region […]

Garment sector earned nearly US$400 million

Myanmar earned nearly US$400 million from garment sector exports in the past three months, according to the official figures of the Commerce Ministry. This represents a $100 million increase over the same period last year. Following the lifting of European and American economic sanctions, Myanmar’s garment industry is growing. Currently, Japan and European countries are […]

Natural gas export earnings decrease by over US$35million

Natural gas export earnings as of the end of May this FY hit over US$230million, a decrease of over US$35 million from the same point last year, according to the Commerce Ministry. Natural gas exports accounted for 45 per cent of the country’s total export earnings, followed by the garment sector with 17 per cent. […]

Myanmar garment sector gets €2.8 mn EU boost

Small and medium enterprises in Myanmar’s garment sector are set to get a 2.8 million euros boost from the European Union. The cash infusion will support the second phase of a development initiative that aims to make the “Made in Myanmar” industry more competitive by building environmental awareness, sustainability and social protections for the workers. […]

Companies begin to feel the heat as import costs climb

Myanmar’s plummeting currency has prompted a vicious circle of rising prices in the import-dependent economy, in which even export-driven companies face rising costs, say businesspeople. New laws and regulations are urgently needed to control the kyat, they said, which has fallen by more than 25 percent to the US dollar this year to K1300 yesterday, […]

Myanmar approves first-ever national minimum wage

  YANGON: Myanmar’s government has approved the country’s first-ever national minimum wage, state media reported on Saturday (Aug 29), after months of bitter negotiations with labour groups and employers. The wage has been set at 3,600 kyat (US$2.80) “for a standard eight-hour work day” and takes effect from Tuesday, said the state-run Global New Light […]

Myanmar: Following Bangladesh’s blueprint in garment sector

Myanmar has set out an ambitious plan to emulate Bangladesh’s runaway success in the garment sector, as it looks to become one of the major apparel suppliers itself, said a minister of the Southeast Asian nation. “In our country, the garment industry is booming. We hope we will be a hub for sourcing garment items,” […]

Myanmar’s garment sector can grow with strategic planning

The garment industry in Myanmar has great potential for growth in the next 10 years, if it works towards development with strategic planning, according to the members of the Myanmar Garment Manufacturers Association (MGMA), Myanmar Times reported. The garment sector needs to draw appropriate plans to obtain higher quantity and stable orders with higher profits. […]