Vietnam’s textile and apparel exports to CPTPP members did not grow as quickly as expected

According to the “Vietnam Investment News” report on December 25, statistics from the Vietnam Textile and Apparel Association showed that Vietnam’s total textile and apparel exports in 2019 were approximately US$39 billion, of which exports to CPTPP members were 5.53 billion US dollars. billion US dollars, an increase of nearly 7%, accounting for 16.8% of total exports. Exports to CPTPP members did not grow as quickly as expected, especially exports to major markets. For example, exports to Japan were only US$3.9 billion, an increase of less than 4%, and exports to Singapore were only US$95 million, a decrease of 12.5%.