General Director of the Vietnam National Textile and Garment Group (Vinatex) Le Tien Truong has said Vinatex will promote trade in Canada to tap opportunities brought by the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
Hanoi (VNA) – General Director ofthe Vietnam National Textile and Garment Group (Vinatex) Le Tien Truong hassaid Vinatex will promote trade in Canada to tap opportunities brought by theComprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
In the first five months of this year, thefirm’s exports to Canada hit nearly 900 million USD, or 6 percent of Canada’sapparel imports. It hopes to earn about 1.5- 1.7 billion USD in Canada thisyear, taking more than 12 percent of market share.
Recently, Vinatex and its affiliates held atrade exchange, the second of its kind, with Canadian apparel importers anddistributors.
Apart from clothing products, they alsointroduced knitted fabrics by domestic firms such as Dong Xuan, Hanosimex, DongPhuong and Lien Phuong.
Truong said following the event, Canadianpartners will sign more contracts because they value made-in-Vietnam textileand garment products.-VNA
Vietnamese textile and garment firms are being active in making full use of the opportunities created by the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) to boost exports to Canada once the deal takes effect in early 2019.
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The Vietnam Textile and Apparel Association (VITAS) has set the industry’s export turnover target this year at 40 billion USD, a 10.8 percent year-on-year increase from 2018.
The Vietnam National Garment and Textile Group (Vinatex) eyed a 12 percent increase in profit this year despite various challenges arising from the US-China trade war, Vinatex General Director Le Tien Truong said.
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Illustrative image (Photo: VNA) 
