PROSPECTS ARE BRIGHT FOR VIETNAM’S GARMENT AND TEXTILE EXPORTS, BUT KEY CHALLENGES REMAIN
May 1st, 2018
OFFICIAL projections for Vietnam’s garment and textile exports in 2018 are bright but input imports for garment and textile production were more than half of the value of garment and textile exports in 2017, highlighting the need for increased domestic sourcing, industry analysts say.
In 2017, Vietnam garment and textile exports increased by 8.7% and 20% year-on-year to USD25.9 billion and USD3.5 billion respectively, but inputs cost USD15.4 billion, according to the Vietnam Textile and Apparel Association (VITAS). However, on the plus side, it forecasts ...
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