Vietnam`s textile & garment enterprises, in view of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) coming into effect, are stepping up efforts to infiltrate the Australian market, which had an import turnover of over US$6.2 billion in 2017 alone.
The CPTPP was signed on March 9 to facilitate economic growth and open opportunities in a market of total 499 million people and GDP of US$10.1 trillion, accounting for 13.5 per cent of world's GDP.
Vietnam's garment products export turnover to CPTPP's country members in 2017 reached US$4.8 billion, contributing 9.07% of market share. In this Australia accounted for US$6.2 billion, or 11.67 per cent as the third largest garment product importer
