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Vietnam’s garment and textile exports to grow 11.5% a year till 2020

Related Keywords: garment products, major markets for textile products, textile export revenue of Vietnam, textile exporters in the world, textile exports of Vietnam, Trans-Pacific Partnership, Vietnam’s garment exports

The Vietnam Textile and Apparel Association (VITAS) said that the garment and textile sector exports will grow an average of 11.5 per cent per year from now till 2020.

According to the VITAS reports, the sector is expected to generate export revenue of US$27.5 billion this year, and increase this value to $31 billion next year and $45 billion to $50 billion by 2020.

Vietnam's garment and textile exports totalled $20 billion in the last nine months of this year, an increase of 10 per cent over the same period last year.

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