Vietnam-EU Apparel Trade sees a boost

Trade value between Vietnam and the European Union (EU) in the first half of this year has gained a year-on-year growth of 9.05 per cent to US$21.2 billion, Vietnam News Agency (VNA) reports.

The apparel trade also saw a tremendous growth amongst others.Vietnam mainly exported traditional products to the EU, including textile, garment, footwear, and others.

Image Courtesy: fibre2fashion.com
According to the Ministry of Industry and Trade's European Market Department, during the period, export value from Vietnam to the EU increased by 8.68 per cent to US$16.2 billion and import value to Vietnam from the EU surged by 10.28 per cent to US$5 billion.

 Over the past years, the trade relationship between Vietnam and the EU has gained rapidly and developed efficiently. The bilateral trade value increased by 10 times from US$4.1 billion in 2000 to US$41.2 billion in 2015.

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