Tuesday, July 16 2019

VietNamNews

Apparel maker Vinatex promotes trade in Canada

Update: June, 03/2019 - 15:33
Inside a factory of the Vietnam National Textile and Garment Group (Vinatex). — Photo vietnamfinance.vn

HÀ NỘI — General Director of the Vietnam National Textile and Garment Group (Vinatex) Lê Tiến Trường has said Vinatex will promote trade in Canada to tap opportunities brought by the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). 

In 2018, Vietnam’s textiles and apparels exported to Canada around US$900 million (according to trademap.org statistic), accouting for 6 percent of Canada’s total textile and apparel imports. It hopes to earn about $1.5-1.7 billion in Canada in 2019, double the current market share. 

Recently, Vinatex and its affiliates held a trade exchange, the second of its kind, with Canadian apparel importers and distributors. 

Apart from clothing products, they also introduced knitted fabrics by domestic firms such as Doximex, Hanosimex, Đông Phương and Liên Phương. 

Lê Tiến Trường said following the event, Canadian partners will sign more contracts because they value made-in-Vietnam textile and garment products. — VNS

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