Garment exports to US, Japan hit US$15 billion in 2016
The US and Japan imported US$15 billion worth of garment and textile products from Vietnam in 2016, according to the Vietnam Textile and Apparel Association (Vitas).
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The association said that to fulfill the target of earning US$30 billion from exports this 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 US$28.3 billion in exports, meeting about 90 percent of the set target and up 5.7 percent year on year.
Vitas attributed the low export turnover to a lack of export orders due to fierce competition from foreign textile and garment producers, while global demands declined.
