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Vietnam boosts economic ties with Japan amid growing apparel exports

21 Oct '24
2 min read
Vietnam boosts economic ties with Japan amid growing apparel exports
Vietnam boosts economic ties with Japan amid growing apparel exports

Insights

  • Vietnamese government has formed a ministerial group to accelerate economic projects with Japan, a key trade partner.
  • Japan is Vietnam's second-largest market for apparel exports, which totalled $****.*** million from January to August ****.
  • Despite a decline in overall apparel exports, shipments to Japan slightly increased.
  • Japan also remains Vietnam's largest home textiles market.

Vietnam’s total apparel exports were valued at $**.*** billion in the first eight months of this year, down from $**.*** billion during the same period last year. However, Vietnam’s apparel exports to Japan saw a slight increase, rising from $*.*** billion in January-August **** to $*.*** billion in the same period of ****. Japan consistently remains the second-largest market for Vietnam&#**;s apparel exports, according to Fibre2Fashion&#**;s market insight tool TexPro.

In ****, Vietnam exported $*.*** billion worth of apparel to Japan, representing **.** per cent of its total apparel exports of $**.*** billion for that year. In ****, Vietnam&#**;s total apparel exports were valued at $**.*** billion, with $*.*** billion, or **.** per cent, destined for Japan.

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