Vietnam Doubles Apparel Shipments to US in 4 Years
August 05, 2009
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Vietnam’s clothing exports to the United States more than doubled
between 2004 and 2008 because of low labor costs and importers’
attempts to reduce reliance on garments from China.
The nation became the fastest-growing source of apparel to the American market, according to a US International Trade Commission report. Vietnam also became the second-largest US footwear supplier during the period, the report showed.
Vietnam’s ability to increase exports to the United States this year has helped narrow the trade deficit and support the dong. Vietnam was the only top-30 exporter to the United States to increase shipments through May. Bloomberg
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