According to General Director of the Garment 10 Corporation Than Duc Viet, Canada is a promising market of Vietnam with import turnover of garment and textile products reaching 13.3 billion USD per year.

Illustrative image.

However, exports of Vietnamese garment and textile to the market is just about 550 million USD per year, he noted, adding that Vietnam and Canada have yet to sign a bilateral free trade agreement, therefore the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will help open up opportunities for Vietnam to increase exports to the market in the future.

Once penetrating the market, Vietnamese garment and textile products will enjoy zero tariffs from the CPTPP, he said.

Viet stressed Canada has high demand for garment and textile products made of natural fabric, which is in line with Vietnam’s products.

Garment-textile export turnover sees highest growth in three years

The garment-textile sector has grossed over 36 billion USD in export turnover this year, up 16.01 percent against the previous year, heard a conference in Hanoi on December 14.

 

Garment-textile exports reach over 36 billion USD

 

 

Garment-textile export to reach 35 billion USD

  

 

Bac Giang garment industry grasps opportunities to make breakthroughs

(BGO) - The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTTP), expected to come into force next year along with the signed free trade agreements (FTAs), has opened up opportunities for the textile and garment industry to accelerate. Many apparel businesses in Bac Giang province have actively made approach plans to increase profits.

 

Textile-garment exports hit US$19.4 billion in eight months

The exports of textiles and garments were reported at US$19.5 billion in the first eight months of 2018, an increase of 14.9% over the same period in 2017.

 

Source: VNA