Textile exports to China growing
Textile exports to China growingThough Viet Nam remains a big importer of textile feedstock and accessories from China, its rising exports to China is a promising sign, according to the Viet Nam National Textile and Garment Group. Last year, Viet Nam’s imports from China included over $6 billion worth of silk, $2 billion worth of leather and $800 million worth of threads. However, according to the Viet Nam Textile & Apparel Association (Vitas), textile exports to China have been rising steadily, going up from $2.2 billion in 2015 to $3.2 billion last year. Since that country has the world’s largest population, its market can be extensively segmented offering a great opportunity for local textile products. Viet Nam’s textile and garment exports were worth $31 billion last year.