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Related Keywords: Apparel Sourcing Paris, attending event to seek trade partners, domestic businesses, fifth largest market place in EU, French investors to investigate opportunities, held in Paris, leading European sourcing trade fair, Việtnam Textile and Garment Association, Vietnamese weave industry, Vitas, witnessed ten companies

The Apparel Sourcing Paris, a leading European sourcing trade fair which was held in Paris from September 18-21, witnessed ten companies from the Vietnam Textile and Garment Association (VITAS) attending the event to seek trade partners.

Related Keywords: domestic businesses, facing difficulties in finding new orders, include the US, increase slightly, Japan and South Korea, just expected to clear out inventories, lower compared to same period previous year, rather than laying new orders, three major markets of Vietnam, TPP, US importers, Vietnamese textile and garment export

Vietnamese textile and garment export has just managed to touch US$13.15 billion, an increase of 4.7 percent. The figure is much lower compared to the same period previous year. The three major markets of Vietnam include the US, Japan and South Korea, according to the Ministry of Industry and Trade report.

Related Keywords: bringing in higher added value, deputy minister of Industry and Trade, domestic businesses, enjoy tax preferential, garment and textile sector, improve profit and enjoy preferential of TTP deal, in middle and long term, lose strengths, restructure production, take advantage of international integration, Tran Tuan Anh, Vietnamese products

The Vietnamese products would lose their strengths in the middle- and long-term if domestic businesses do not restructure production, thus bringing in higher added value, Tran Tuan Anh, deputy minister of Industry and Trade said.

Anh said that Vietnamese exporters should restructure their production to improve profit and enjoy preferential of the Trans-Pacific Partnership Agreement (TPP),

This was the reason that Vietnam has issued the export strategy by 2020 with a vision to 2025 to take advantage of international integration.