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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: declining order from Japan and EU, economic crisis in Greece, increase in the VND-USD exchange rate, lowest growth recorded, small orders coming, textile major exports of Vietnam, US market show positive signs, Vietnam Textile and Apparel Association, Vietnam textile exports, Vitas

Vietnam’s textile exports has reached $12 million, growth of 9 percent compared to the same period last year, this is the lowest growth recorded for the last three years, well down on 19 percent recorded for the same period of last year, according to Vietnam Textile & Apparel Association (VITAS).

Textiles are a major export of Vietnam which is targeted at $27 million to $27.5 million for this year. In 2014 textile exports had reached $24 million.