Vietnam's "Investment Newspaper" reported on August 25 that Vietnam's textile industry still has a lot of room for development, and the demand for foreign investment is huge. According to statistics from the Foreign Investment Bureau of Vietnam's Ministry of Planning and Investment, as of May 18, 2022, there were 2,787 valid foreign direct investment projects in Vietnam's textile industry with a total registered capital of $31.3 billion. A large influx of foreign capital has made the production capacity and export scale of Vietnam's textile industry rapidly increase. In 2018, Vietnam's textile and garment exports totaled more than $36 billion. $40.3 billion in 2021, with foreign direct investment accounting for more than 60% of total exports. Although Vietnam's textile industry is expanding and has become an important link in the global supply chain, there are still "bottlenecks" : uneven production of fabrics, yarns and accessories. Deputy Director General of the Foreign Investment Department of Vietnam's Ministry of Planning and Investment, Nguyen Anh Thanh, said that Vietnam's textile industry lacks value chain connectivity. Vietnam has a large trade surplus in yarn and kimono, but also a large trade deficit in cloth. The yarn produced is mainly for export, while domestic fabrics only meet nearly 50% of the demand, making Vietnam import more than $10 billion of various fabrics every year. The shortage of cloth is a potential market attracting foreign investment in Vietnam's cloth and yarn production. Data from the General Administration of Customs of Vietnam show that in 2021, Vietnam's textile raw material imports reached 14.3 billion US dollars, an increase of 20.6% over 2020, accounting for 60.0% of the total import of raw materials in the textile and garment industry. Among them, imports from mainland China, South Korea, Taiwan, Thailand and other markets increased sharply. Although Vietnam's textile and garment exports exceed $40 billion, the country is not independent of raw materials, from cotton to yarn to cloth. In 2021, the import of textile raw materials reached 23.86 billion US dollars, an increase of 21.3% over 2020. The United States, the European Union, South Korea and China are Vietnam's four largest export markets, with annual imports of textiles, clothing and yarns from Vietnam totaling $24 billion (2021). But these markets are implementing many new rules on imported clothing, such as requiring products to be green, chemical-free and recyclable. Therefore, if investment funds are not directed in this direction, it will be difficult for Vietnam's textile and garment exports to maintain the top three positions. "The textile industry should selectively attract foreign investment, give priority to investment in advanced textile printing and dyeing technology projects, do not have a negative impact on the environment, and establish links with domestic garment enterprises to form a full value chain and green textile scientific and ...

The Shanghai Yarn Exhibition is an important exhibition in the Chinese textile industry, providing a platform for suppliers, manufacturers, and designers to showcase products, exchange cooperation, and understand the latest trends. Exhibitors present various yarn products and technologies, attracting professional visitors such as garment manufacturers, designers, and buyers. The exhibition covers a wide range of content, including textile yarns, equipment, and dyeing and finishing technologies. The event includes professional forums, seminars, and fashion shows. The Shanghai Yarn Exhibition is a grand event in the industry, offering opportunities for display, communication, and cooperation. As a core textile industry company in China, Runteks aims to participate in the Shanghai Yarn Exhibition not only for product display but also for business expansion through market insights and attracting new customers, thereby enhancing the Runteks brand. The exhibition provides opportunities to attract potential customers, understand industry trends, establish business connections, and showcase technical capabilities, which contribute to the development and competitiveness of Runteks.

Dear friends   We treasure every opportunity to meet with you, we hereby sincerely invite you and your company representatives to visit our booth at the  19th International Istanbul Yarn Fair 2023, June 1st-3rd.   Exhibition Center: TUYAP Istanbul   Booth No. 1007G, Hall: 10   Date: June 1st to 3rd, 2023   It would be a great pleasure to meet you at the exhibition. We expect to establish long-term business relations with your esteem company in future.

We will establish a long-term partnership with Vietnam! In recent years, with the globalization of Runteks Textile Company, a lot of countries started to visit Runteks in China. This year,the Runteks group had been invited to visit Vietnam because they want establishadeeper relationship with Runteks. Therefore, Runteks came to Vietnam to exchange each other's idea about textile technology. Under the leadership of chief executive, Shylin, 7-man crew planed to explore 3 factories in Vietnam, which are the suppliers of Nike and Uniqlo. This trip will take them probsably 10 days! Runteks show them how to produce DTY, FDY ,ITY and so on. In the meantime, Shylin conducted the Vietnam group some details about DTY and FDY. So what is exactly DTY and FDY? DTY (Drawn Textured Yarn) and FDY (Fully Drawn Yarn) are two types of textiles yarns. DTY is a yarn that has been processed through stretching, twisting and texturing techniques. It has high elasticity and strength, and has a certain degree of fuzziness. Due to the twisting and texturing techniques, DTY yarns have better textile properties and dyeing properties. FDY, on the other hand, is a yarn that has undergone full drawing processes. It has high tensile strength and smoothness. Because FDY yarns have been fully stretched before twisting and texturing, they have higher textile properties and dyeing properties. In summary, DTY is commonly used for fabrics that have good draping properties and elasticity, while FDY is used for fabrics that require high strength and smoothness. Welcome to visit Runteks in XIAMEN and we will show you around!

It is reported that Pakistan's economic crisis is worsening due to insufficient foreign exchange reserves. Many foreign traders in Pakistan market have recently encountered the same situation: the buyer said that the bank has no dollars and can only do L/C 180 days. Because banks are restricted from opening letters of credit for importers, buyers can't get dollars to pay for the goods, and a large number of containers full of imported goods are piled up in the country's ports. Facing the challenging market environment, Pakistan Shipping Agents Association (PSAA) recently warned that the shipping companies represented by PSAA will consider suspending their services to overseas countries. Concerned about the rapidly escalating situation, Pakistan Shipping Agents Association (PSAA) issued a notice to the country's national bank and government leaders, warning that the shipping companies represented by them would consider suspending the country's overseas services if they did not take immediate action to alleviate the crisis. The association pointed out: "If international trade is suspended, the country's economic situation will deteriorate." Some airlines and associations of foreign companies also said that the control measures implemented to protect the dwindling foreign exchange reserves prevented them from repatriating US dollars. The person in charge said that factories such as textile manufacturers are closing or shortening their business hours to save energy and resources.

The International Energy Agency (IEA) is optimistic about the demand prospect of the oil market. Fatih Birol, director of IEA, said on 5th that China's economy may rebound stronger than expected, thus boosting the demand for oil and gas. It is estimated that the global oil demand will increase by nearly 2 million barrels this year, and the demand in China is expected to reach about half of this expectation. Overall, the oil market demand expectation has improved. Gui Chenxi, chief energy analyst of CITIC Futures, told reporters that China's oil demand repair began to be realized.

In 2022, the chemical fiber industry is faced with such complex situations as repeated global epidemics, complicated geopolitical factors, slow recovery of the world economy, drastic fluctuations in energy and raw material prices, and industrial chain restructuring, which makes the price increase of some commodities appear linkage effect in the first half of 2022. According to the current market trend, the rise in the past few days is not due to the improvement of the market. Relatively speaking, a good start should be experienced by every raw material. In the case that the market has not yet fully started, polyester has already entered the rising channel. Four-sided elastic fabrics, as a market product in online celebrity, are still the best-selling products in the minds of textile bosses, although their popularity was not good last year. The increase in cost indicates that the price of spandex yarn will also increase with the increase in cost in the short term. From this point of view, the price increase of spandex yarn has become a foregone conclusion, but because the amount of spandex yarn in textile fabrics is not large, the price increase space will be limited. Apart from the year before last year, the price of spandex yarn has been at a relatively stable price. Assuming that there is no continuous speculation by spandex manufacturers, the price of spandex yarn will remain stable in the later period.

According to the cotton outlook data, the commercial inventory of cotton was 4.624 million tons by the end of December, an increase of 939,300 tons from the previous month and a decrease of 935,800 tons from the same period last year. Commercial inventory of cotton has been at the lowest point in nearly five years for three consecutive months. Mainly due to the influence of the external environment, the cotton processing progress is slow, which makes the cotton commercial inventory increase slightly, and the overall level is at a historically low level, but the supply in 2022 is sufficient. In the downstream market, as of the end of December, the inventory of cotton industry was 551,200 tons, an increase of 66,300 tons from the previous month. The inventory of cotton industry continued to rise, mainly due to the pre-holiday stocking of enterprises before the Spring Festival. As of the end of December, the yarn inventory was 17.48 days, a decrease of 16.54 days from the previous month; The inventory of grey cloth was 33.53 days, a decrease of 5.55 days from the previous month. Judging from the inventory of finished products, the inventory of cotton yarn and grey cloth declined obviously this month. In December, the downstream market warmed up, the textile enterprises were in good condition, and traders also made a lot of purchases.