According to information from Vietnam textile and apparel association on Dec 14, Vietnam’s annual textile export amount has reached 28.5 billion
dollars, which has accomplished 92% of expected target. China remains Vietnam's largest export market, which takes more than 50% of total amount.
Meanwhile, Vietnam textile exporting amount to USA has increased 4%, expected to reach 11.4 billion dollars. EU, Japan, India, Brazil, Russia and
Canada remains the most important exporting markets to Vietnam.
Due to global demand decreasing and foreign manufacturer competition in 2016, some Vietnam manufacturers are requested of 18%-30% cost down. It
is predicted that in 2017, the industry increase speed will be 5%-7%.
Quoted from www.sewworld.com, and translated by Shanghai Estop Machinery Co., Ltd
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