According to the forecast of the Ministry of Industry and Trade, in 2017, apart from the Trans-Pacific Partnership Agreement (TPP), there are dozens of free trade agreements that bring more opportunities in export business for garment and textile enterprises in Vietnam. Especially, Vietnam – EU Agreement is an important one with $200 billion per year.
Particularly, the export turnover of the garment and textile industry in April is almost $2 billion, increasing more than 5% compared to the same period of last year. In the first four months, the export turnover of garment and textile industry reached $7 billion, up more than 6% compared to the same period of last
Vietnam Textile Group (Vinatex) stated five elements that have influence on the manufacture and business of the industry in 2017. According to Vinatex, in 2017, the economists positively expected the global economy would gradually recover and may reach growth of 2-3%. This anticipation is based on the US financial policies that aim to stipulate demand