Canadian enterprises are very interested in the supply of goods from Vietnam. (Photo: VNA) Along with Viet Vuong and Vietnam Export Garments that hadtheir own stalls at the fair, the Vietnam Trade Office in Canada introducedproducts produced by four others, namely Thai Son, May Hai, Tuong Long and Wisermax, atits booth.
Executive Director of the Canadian Apparel Federation BobKirke said that Vietnam's garment industry has many opportunities because its factories have longinvested in implementing environmental measures and using energy efficiently. Therefore,their products have high competitiveness.
The Canadian garment and textile market is considered tohave a very large consumption capacity, at up to 10 billion USD per year.However, Vietnam's exports to this market are still modest, even though the averageannual growth has reached more than 40%.
Data from the Canada Border Services Agency showed thatVietnam's garment and textile export value reached about 1.8 billion USD in 2022, up 41.2% year-on-year. Vietnam has surpassed Bangladesh, a country withlower production costs, to become the second largest exporter of apparel andtextiles to Canada, after China, with a market share of more than 12%.
Trade Counsellor at the Vietnamese Embassy Tran Thu Quynhsaid that with the trend of finding new partners of Canadian businesses,Vietnam is emerging as a country capable of supplying high-quality garments and textilesin large quantity.
Thanks to advantages of the Comprehensive and ProgressiveAgreement for Trans-Pacific Partnership (CPTPP), Canadian enterprises are veryinterested in the supply of goods from Vietnam. However, so far, the utilisationof this trade deal by Vietnamese firms remains low, she noted.
Currently, the Vietnam Trade Office in Canada is supporting Vietnamese companies by connecting and disseminatinginformation about the Canadian market to help them make most of the principleof origin of the CPTPP in garment and textiles; and understand the change inCanadian thinking about apparel consumption as well as how to participate inthe apparel textile sourcing fair in this country in the most effective way,she added./.
VNA
