U.S. apparel imports were virtually flat in 2017 as retailers and brands continued to tighten inventory levels amid stable sales but lower average prices. Vietnam, Mexico and India gained a bigger piece of the U.S. import pie, taking share from China and, to a lesser extent, Bangladesh, Indonesia and Honduras.
Read More »Vietnam garment and textile exports to hit US$31 billion
The garment-textile industry expects to rake in US$31 billion in exports by the end of 2017, a year-on-year rise of 10.23%. The Vietnam Textile & Apparel Association (VITAS) revealed the information at a press conference in Hanoi on December 4.
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