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Vietnam textile exports to rise 14.8 per cent in 2018

Vietnam's textile exports are expected to rise by 14.8 per cent to $35 billion in 2018. The country’s textile exports to the United States rose by 12 per cent over the January-October period to $10.5 billion, while exports to China increased 40 per cednt, to $ 1.1 billion. During the first eight months of the year, foreign investment in textile and clothing sector was $2 billion. Most of these investors come from Japan, South Korea, Taiwan and China.

While they are two thirds smaller than those destined for the United States, textile exports to Europe remain important for Vietnam. According to the French Institute of Mode (IFM), the country was last year the sixth supplier of the European Union in clothing with €3.1 billion of goods, as well as its 13th textile supplier with €370 million. For France, Vietnam is the seventh supplier of clothing with €819 million, behind Tunisia and Morocco, but ahead of Cambodia and Portugal.

 

 
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