The Hanoitimes – Viet Nam can gain US$24.5 billion from exporting garment, the highest figure in the recent three years and bringing the trade surplus of the sector to US$12 billion this year.
The US, Japan and the Republic of Korea are three largest importers of Viet Nam’s textile and apparel, accounting for nearly 70% of the total. The garment exports to these nations valued US$8.85 billion, US$2.38 billion and US$1.96 billion, respectively.
Large enterprises in the Viet Nam Textile and Apparel Association signed the export contracts till the first quarter of 2015.
Signed and pending free trade agreements (FTAs) are opening up a lot of good chances for the sector to grow further as import tariffs may drop to zero in many markets, said economists.
Tax incentives to be brought by the Trans-Pacific Partnership (TPP) Agreement, expected to be signed next year, will also create favorable conditions for garment businesses to expand their presence in the US market
By Tuan Minh
Đăng ký: VietNam News