Garment exports to US, Japan hit 15 billion USD in 2016
The US and Japan imported 15 billion USD worth of garment and textile products from Vietnam in 2016, according to the Vietnam Textile and Apparel Association (Vitas).
Hanoi (VNA)– The US and Japan imported 15 billion USD worth of garment and textileproducts from Vietnam in 2016, according to the Vietnam Textile and ApparelAssociation (Vitas).
The figure accounted for 53.5 percent of the garment and textile sector’sexport turnover of 28.3 billion USD last year.
The association said that to fulfill the target of earning 30 billion USD from exportsthis year, the sector will continue boosting shipments to the US and Japan,with a view to maintaining an export growth of 6 percent in these markets.
In 2016, Vietnam’s apparel saw lower than expected results, with 28.3 billionUSD in exports, meeting about 90 percent of the set target and up 5.7 percentyear on year.
Vitas attributed the low export turnover to a lack of export orders due tofierce competitionfrom foreign textile and garment producers, while global demands declined.-VNA
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