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Vietnam’s rising textile exports to China is a promising sign, although it remains to be a big importer of textile feedstock and accessories from China. China is one of Vietnam’s top five textile export markets, China is one of Vietnam’s top five textile export markets.

Vietnam’s textile and garment exports were worth $31 billion last year.

Vietnam often imports raw materials also from South Korea and Taiwan. South Korean products cost a fourth of Chinese products while Taiwanese products cost a fifth.

Related Keywords: a year-on-year rise of 10.23 percent, better quality and high added value, business production, by the end of 2017, creating products, develop corporate governance, expects to rake in USD 31 billion in exports, garment-textile industry, industry has applied technologies, press conference in Hanoi, Vietnam Textile & Apparel Association, Vitas

The Vietnam Textile & Apparel Association (VITAS) at a press conference in Hanoi on December 4 revealed the information that its garment-textile industry expects to rake in USD 31 billion in exports by the end of 2017, a year-on-year rise of 10.23 percent.

However, with determination, the garment-textile sector has overcome difficulties to reap encouraging outcomes. The industry has applied technologies to develop corporate governance and business production, creating products with better quality and high added values.

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At the recently held Cotton Day event in Ho Chi Minh city by the Vietnam Textile & Apparel Association (VITAS) and the US Cotton Council International (CCI) to help Vietnamese apparel business to approach the US market, the event created an opportunity for US firms to evaluate the potential of the spinning and textile industry in Vietnam, according to VITAS President Vu Duc Giang.

Related Keywords: apparel products each year, build brand names, create high quality products, demand to export more than USD tenbillion worth, improve designs, received many jacket and jeans orders, Russia a potential market, Russian companies in recent years, Vietnam Textile & Apparel Association, Vietnamese garment textile businesses

Vietnamese garment-textile businesses having received many jacket and jeans orders from Russian companies in recent years, it sees Russia as a potential market with demand to export more than USD 10 billion worth of apparel products each year, according to the Vietnam Textile & Apparel Association.

Chairman of the Vietnam Textile & Apparel Association Vu Duc Giang said Russia has a cold climate, so its consumers have big demand for jackets and jeans.