Garment Exports

CMP garment exports drop by 25 per cent in Q1

January 25, 2021 by Thiha

Myanmar’s garment export has dropped by 25 percent as of the first quarter of the current financial year 2020-2021 compared with a year-ago period on the back of a slump in demand by the European Union market, the Ministry of Commerce stated. Exports of garments manufactured under the cut-make-pack (CMP) system were valued at US$870 […]

Filed Under: Latest News Tagged With: CMP, Garment Exports, Myanmar’s garment industry

Government, private sector promote local SME goods with export potential

June 5, 2018 by Thiha

The government is working together with the private sector to promote locally produced goods, including those made in the states and regions beyond Yangon. The aim is to export the goods and narrow the trade deficit, which is in line with the National Export Strategy. Last week, the Union of Myanmar Federation of Chambers of […]

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Qatar Airways to boost Myanmar garment export

November 28, 2017 by Thiha

Qatar Airways Cargo has commenced direct freighter service to Yangon, Myanmar – providing more than 60 tonnes of cargo capacity on the Doha-Yangon-Doha route. The carriers acting chief officer Cargo, Guillaume Halleux, said: “We are delighted to launch our eighth freighter destination for 2017, in line with our strategic expansion to our network and fleet. […]

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Vietnamese garment industry faces fierce competition from China, Myanmar

November 14, 2017 by Thiha

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 […]

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More FDI essential for substantial increase in garment exports

August 11, 2017 by Thiha

The study called for an expansion of training in the garments sector to tackle shortages of high-level skill as well as complementary reforms in finance and trade policy. The briefing paper Foreign direct investment and economic transformation in Myanmar, written by Stephen Gelb, was published in June 2017 by Supporting Economic Transformation (SET). Funded by […]

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Garment industry to increase foreign investment

March 5, 2014 by thiha

YANGON – The Myanmar Garment Manufacturers Association (MGMA) expects the garment industry to gain US$ 1.5 billion in foreign investment by 2015 if political reforms continue. Enterprises that deal in cutting, making and packing are creating job opportunities as foreign investment grows in the garment sector. Garment exports made record earnings with US$ 1.1 billion […]