This information was presented by the economic experts at the workshop 'The prospect of textile and apparel exports in 2018 and the future of the global value chain' on November 3 in Hanoi.

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According to analysts' analysis, Vietnam's exports of textiles and garments always recorded positive results. In 2016, the total textile and garment export turnover still reached USD 23.8 billion, up 4.5% compared to 2015. Especially, in the first 9 months of 2017, export turnover reaching US $ 19.21 billion, up 8.4% over the same period in 2016 and is expected to reach over US $ 30 billion in 2017.

However, experts say that Vietnam's textile and garment production is still heavily dependent on foreign markets, with 80% of imported inputs. According to statistics, in 2015, the textile and garment industry exports $ 27.7 billion, but must import up to $ 24 billion raw materials and inputs. Domestic garment enterprises are only strong in sewing, weak in yarns, weaving and dyeing. In the global value chain, the textile and garment industry is only involved in the lowest value chain in the whole chain.

Source baomoi.com