Viet Nam’s turnover from textiles and garment exports to Australia is predicted to reach a double-digit growth after the signing of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
Up to 180 businesses are displaying their goods, including textiles and garment, footwear, home appliances, food and handicrafts, at a trade fair which opened late last week in the central province of Quang Tri.
Faced with increasing pressure from competition, Viet Nam’s textile and garment industry has not yet relieved its dependence on imported raw materials. This shows that the sector’s supply chain still has many shortcomings in raw and auxiliary materials production.