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Related Keywords: an export growth of twenty percent a year, growing rapidly, increased demand for cotton, large inflow of foreign investments, next three years, sector is expected to generate a turnover of USD forty billion, strong market for Indian cotton, Vietnam apparel industry, Vietnam textile industry

Vietnam’s apparel industry is growing rapidly. With an export growth of 20 percent a year, the sector is expected to generate a turnover of $40 billion by 2020. There has been a large inflow of foreign investments in the country’s textile industry, which has led to an increased demand for cotton.

Mainly exporting to Bangladesh, Pakistan and China, India is the world's top producer of cotton.

Vietnam may emerge as a major export area for Indian cotton soon after a series of Free Trade Agreements which constitute the Trans-Pacific.

Related Keywords: benefit from TTP, EM apparel supplier, foreign investment, global apparel export market share, NAFTA, research report, Standard Chartered Bank, US market, Vietnam apparel industry, Vietnam to overtake Bangladesh

Vietnam apparel industry to benefit from Trans Pacific Partership agreement (TPP) according to a research report by Standard Chartered Bank. A wave of foreign investment in Vietnam’s textile industry has already begun, ahead of a potential TPP deal. On this basis, Vietnam likely to overtake Bangladesh in the global apparel export market share to become the second-biggest EM apparel supplier after China when its apparel exports swells to US$115 billion.