US seeks garment producers in Vietnam
Two among the 128 enterprises arrived in Vietnam last week and visited some garment plants. According to TigerTrade Service’s representative office in Vietnam, there are currently 128 US businesses looking for plants producing apparel products in Vietnam to export to the US in the near future. US enterprises have demands for many apparel products produced under the sub-contract or FOB models.
Nguyen Manh Hung from TigerTrade Service said that most of these US businesses have not cooperated with Vietnamese firms before. They want to shift from China to Southeast Asian countries and pay special attention to Vietnam, he added.
Besides, TigerTrade Service next month will help a group of six US businesses look for Vietnamese footwear producers to export to this market.
According to the Vietnam Textile and Apparel Association (VITAS), US is currently the largest market of Vietnam’s textile-garment export, with an import turnover from Vietnam reaching $5.6 billion in the January-September period, up nearly 8 percent year-on-year. Meanwhile, Vietnam is the second biggest providers of apparel products for the US, after China.
China’s garment export to the US in the eight-month period was $26.2 billion compared to over $5 billion of Vietnam. However, the export price of Vietnam increased by 8.48 percent from the same period last year and was 1.5 times higher than that of China.
