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Related Keywords: FIEs, FTAs, Garmex Saigon, MoIT, Orders from importers have come abundant, output of fabric made of natural fiber, production index of textile industry, projects twenty percent growth rate in revenue, synthetic and artificial fibers, textile and garment exports, TPP, Vietnamese textile company, Vitas

Vietnamese textile company, Garmex Saigon projects 20 percent growth rate in revenue in comparision with 2015 as they have so far ensured enough jobs for the company until the end of the year, unlike previous years, said Le Quang Hung, president of Garmex Saigon. Garmex Saigon reported turnover of VND1.530 trillion in 2015, while abundant orders have led to turnover that may reach VND1.8 trillion this year.

Related Keywords: between US and VIetnam, bilateral trade expands from zero, Diplomatic ties, end of this financial year, hit USD forty billion, MoIT, purchasing garments, TPP favourable conditions for Vietnamese exports, US becomes largest importer of Vietnam, US remains top market, VietnNam fifth largest garment-textile exporter

With Vietnam and the US normalizing their diplomatic ties, the bilateral trade between the two countries has expanded from zero to US$36.3 billion in 2014. This figure is further expected to reach $40 billion by the end of this financial year.

Nguyen Duy Khien, head of the American Market Department under the Ministry of Industry and Trade (MoIT), said that Vietnam shipped $30.6 billion worth of goods to the US in 2014, up 24 per cent against the previous year.

Related Keywords: Bangladesh, MoIT, textile market, Vietnam exports

The Ministry of Industry and Trade’s (MoIT) Africa, West Asia, and South Asia Market Department considers Bangladesh a market rich in potential, as Vietnam’s 2013 earnings from exports to Bangladesh increased to 42.3%, exceeding US$446 million.

Increasing exports will require Vietnamese businesses to familiarise themselves with the unique demands of Islamic consumers as an estimated 89.5% of Bangladeshi citizens identify as Muslim