Composite Fabric,bonded fabric,Lamination Fabric Lamination Fabric News Vietnam’s textile industry enters golden growth period

Vietnam’s textile industry enters golden growth period



According to a report by the Economic Times on June 27, the Vietnam Cotton Fiber Association stated that Vietnam’s textile industry will enter a golden growth period from 2015 to 2025. Vietnam will enjoy the po…

According to a report by the Economic Times on June 27, the Vietnam Cotton Fiber Association stated that Vietnam’s textile industry will enter a golden growth period from 2015 to 2025. Vietnam will enjoy the policy benefits of agreements with China, the EU, and South Korea and the TPP.
According to reports, Vietnam exported US$24.5 billion in textiles in 2014, a year-on-year increase of 17%. At present, Vietnam consumes 8.2 billion square meters of cloth every year, of which 6.5 billion square meters are imported and 1.7 billion square meters are produced locally. It is expected that cloth sales will reach 12 billion square meters by 2025, and clothing and textile exports will also increase to 40 billion US dollars.
According to the report, Vietnam should make full use of the benefits brought by the TPP. According to the Apparel Association, China will remain the world’s largest textile supplier in the future. Vietnam is currently the second largest source of textiles in the United States, accounting for 10% of similar goods imported into the United States. Among the 12 members of the TPP, Vietnam is the largest source of textiles for the United States. After the TPP comes into effect, Vietnam will have more opportunities to cooperate with other countries. Vietnam’s textile industry enters golden growth period

This article is from the Internet, does not represent Composite Fabric,bonded Fabric,Lamination Fabric position, reproduced please specify the source.https://www.yjtextile.com/archives/11238

Author: clsrich

 
Back to top
Home
Phone
Application
Product
Search