Related Keywords: Biggest export market of Vietnam, by thirty to forty percent, consumes fifty percent, export increase with or without TPP, if TPP takes effect, in first year of agreement implementation, increase by twofold after three to four years, textile and garment export turnover would increase, the US, Vietnamese total textile & garment export turnover
Vietnam’s biggest export market, the US which consumes 50 percent of Vietnam’s total textile & garment export turnover, if TPP takes effect, analysts estimate that Vietnam’s textile & garment export turnover would increase by 30-40 percent in the first year of the agreement implementation, and would increase by twofold after three to four years.
In October 2016 alone, Vietnam exported $9.476 billion worth of textile & garment products to the US. This means that export turnover would reach $16 billion by 2018, an increase of $3 billion, and to $20 billion by 2020.
