Exports to Canada by Vietnam’s Vinatex worth $900m in Jan-May

In the first five months of this year, exports by the Vietnam National Textile and Garment Group (Vinatex) to Canada hit nearly $900 million, or 6 per cent of the latter’s apparel imports, according to its general director Le Tien Truong.

Vinatex hopes to earn about $1.5- 1.7 billion in Canada this year, taking more than 12 per cent of market share, he said.

Vinatex will promote trade in Canada to tap opportunities arising out by the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a news agency report quoted Tien Truong as saying.

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

Apart from clothing products, it also introduced knitted fabrics by domestic firms like Dong Xuan, Hanosimex, Dong Phuong and Lien Phuong.