Vietnam’s textile and garment exports to Canada in 2019 moved past $1.1 billion for the first time, a rise of 20 per cent compared to 2018, according to International Trade Centre (ITC) data, which indicate the country has surpassed Cambodia to rank third in textile-apparel exports to the Canadian market.
Last year too, textile-garment exports to Canada maintained robust growth.
Among members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Canada can be considered a market with strong potential moving forward, second only to Japan, according to Le Tien Truong, vice chairman of Vietnam Textile and Apparel Association (VITAS).
Canada’s import scale reached up to $14 billion with Vietnamese garments and textiles, accounting for only 8 per cent of the overall market share, according to a Vietnamese newspaper report.
Experts have therefore advised local firms to meet rules of origin detailed within the CPTPP, with yarn and fabric being purchased from CPTPP member countries as a means of increasing exports to the Canadian market in the near future.