US economic prosperity in Q4 / 2017 with the data on the job market positive, labor income increases, and touch the consumer market is quite good. GDP in the fourth quarter of 2017 in the United States increased 2.5% due to inventory reduction of enterprises, as well as consumer confidence of US households, the investment of enterprises increased quite. This is the best quarterly growth in 2.5 years.

Following the rise of the fourth quarter of 2017, the US economy continued to grow in the first quarter of 2018, albeit at a slower pace, partly due to seasonal surpluses of the first quarter. , but much of the consumer confidence is "less heat". In addition, the trade remedies that the Trump administration recently initiated with China could balance the financial impetus that drives growth. Starting with aluminum and steel imports, many experts said that the war on protection will also spread to other areas.

In the EU, recent data show that the Eurozone continued to grow strongly in the fourth quarter of 2017 and closed a successful year for the European economy. Europe's economy grew last year as fixed investment by the business sector increased, coupled with increased exports although the euro rose in 2017. The recent economic data of Q1 is quite positive, although slow and steady. However, the unemployment rate of Q1 in the EU remained low. The relationship between the EU and the United States (one of the major trading partners) has been in the spotlight in recent weeks, after the US government announced it would raise import tariffs on aluminum and steel. , EU temporarily exempted from tax increase until May 1, 2015. For the future, it is clear that US protectionism, if applied to the EU, will entail a trade war between the two sides and will affect both the economic and market sentiments of both sides.

Similarly in Japan, the picture of positive economic performance in Q1 / 2018 with the unemployment rate falling to the lowest level in two decades, also due to increased spending. March, 1818, the production index is also good. Thanks to the CPTPP signed by the Government of Japan in early March 1818 with 10 other member countries, Japan's export prospects will improve further thanks to the trade opportunities provided by the Agreement. come into effect. Politically, pressure continues to be on the shoulders of Japanese Prime Minister Shinzo Abe. Recently, rumors of bribery related to the Japanese Prime Minister continue to be dug. This could threaten whether he wins the re-election in September. In 2018, Japan's economic growth is expected to grow at 1.3%, and at 1% in 2019.

On March 15, the government announced a $ 3.8 billion increase in government spending to reduce unemployment for the majority of young people. Increasing government spending will help boost economic growth this year. In addition, recent easing of relations between Korea and Korea will also help improve consumer confidence and confidence. It is forecast that in 2018, the Korean economy will grow by 3%.

Textile import of major markets in Q1 / 2018

In the first quarter of 2018, garment import turnover in the US market was estimated at $ 25.29 billion, an increase of 4.15% over the same period of 2017. This was a good sign when the first quarter of 2017 was down 3, 89% over the same period of 2016. The recovery of the US economic market led to the improvement of apparel imports. Among the largest exporters to the United States this quarter, US imports from Cambodia, Mexico increased fastest and most strongly. Followed by Vietnam and India. Imports from China and Bangladesh increased slightly. In terms of structure, cotton / man-made knitwear and men's / boys' pants continued to grow at double digits in the first quarter of 2018.

In the Japanese market, the total import value of garment and textile in the first quarter of 2018 reached $ 8.59 billion, corresponding to the same period last year. Imports of knitted items rose sharply while imports of woven items decreased slightly.

The textile and garment import market in South Korea in the first quarter of 2018 is estimated at $ 3.91 billion, up 12.4% over the same period in 2017.

Export turnover of Vietnam textile and garment in the first quarter of 2018, forecast for the whole year 2018

According to Vietnam Customs, in the first quarter of 2018, Vietnam's textile and garment export turnover is estimated to reach USD 7.82 billion, up 15.4% over the same period last year. In the export markets, exports to Japan and China increased very well, over 25%. Exports to the US market also reached over 10%. The export of yarn to the Chinese market together with Vietnam joining CPTPP has brought positive results for Vietnam textile and garment export.

Notably, in the first quarter, our exports of textiles and garments to other markets were boosted, as exports to Canada and the Russian Federation increased.

Regarding the structure of products, traditional items such as shirts, men's and women's suits, women's skirts, jackets ... are exported.

Table 1: Vietnam Textile and Garment Exports in Q1 / 2018 to markets

STT	Thị trường	Q1/2016 (triệu USD)	Q1/2017 (triệu USD)	Q1/2018 (triệu USD)	Q1/2017 so Q1/2016 (%)	Q1/2018 so Q1/2017 (%)
1	Mỹ	2.584	2.770	3.136	7,20	13,21
2	EU	1.025	1.124	1.125	9,66	0,09
3	Nhật Bản	671	756,6	957,6	12,76	26,57
4	Hàn Quốc	613	732,3	895,7	19,46	22,31
5	Trung Quốc	491,3	662,67	832,3	34,88	25,60
6	Khác	660	734	877	11,33	19,46
	Tổng	6.044	6.780	7.824	12,18	15,4

Table 2: Vietnam Textile and Garment Exports Forecast for 2018 to markets

STT	Thị trường	Năm 2016 (triệu USD)	Năm 2017 (triệu USD)	Dự báo 2018 (triệu USD)	2017/2016 (%)	2018/2017 (%)
1	Mỹ	11.660	12.489	13.838	7,11	10,8
2	EU	3.667	3.802	3.760	3,68	-1,1
3	Nhật Bản	3.037	3.285	3.679	8,17	12,0
4	Hàn Quốc	2.662	3.075	3.570	15,51	16,1
5	Trung Quốc	2.667	3.360	3.871	25,98	15,2
6	Khác	4.539	5.273	5.507	16,17	4,44
	Tổng	28.232	31.284	34.225	10,81	9,4

Factors affecting Vietnam Textile in the coming time

The US trade war with China in March was one of the main factors affecting the global textile trade picture in 2018. On the "sights" of the United States, the countries that are directly competing with China in the US market will benefit. The most flatter is Vietnam and other low-cost competing countries such as Cambodia, Bangladesh. In addition, Mexico, a neighboring partner with the United States may also benefit. Evidence shows that imports of textiles from Mexico have been restored in the first quarter of 2018. In addition, as China's textile exports are threatened, it does not rule out the possibility that the Chinese government will step up production rotation to neighboring countries to take advantage of cost-competitive labor, commercial expenses. At that time, Vietnamese businesses will likely face a wave of investment from Hongkong, China and Taiwan.

Also in March, 1818, Vietnam's accession to the CPTPP was an opportunity to boost exports to non-traditional markets such as Canada and Australia. If Viet Nam tries to prepare well for its production capacity, and from now on to promote connectivity, work with clients to find solutions to meet the origin requirements of the CPTPP, Establishing CPTPP in the near future will open up many opportunities for our businesses. By the year, the import of textiles and garments from these markets is quite large, while the export of Vietnam is still very modest.

Source vinatex.com