Apparel was the country’s highest currency earner from Canada last year with a total turnover of $1.3 billion, up by 40.3 per cent annually and equivalent to 20.7 per cent of Vietnam’s total exports to the country, according to the general department of Vietnam customs.
Footwear ranked second with a revenue of $604.6 million, up by 64.3 per cent. Handbag-suitcase-headwear exports were up 115.2 per cent last year.
Vietnam’s exports to Canada surged by 20.8 per cent annually to $5.3 billion in 2021 despite the COVID-19 pandemic—up by 75 per cent over the figure prior to when the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) came into effect in early 2019. The figure surpassed $6.3 billion last year—up by 19.8 per cent year on year.
This was the result of zero per cent tariff on all Vietnamese apparel committed by Canada after three years of CPTPP implementation, head of the ministry of industry and trade’s department of European-American markets Bui Tuan Hoan told a news agency.
Fibre2Fashion News Desk (DS)
