According to Vietnam Statistics Bureau statistics show that in 2014 the total imports of 9.5 billion US dollars of Vietnamese fabrics, up 14% of the total imports of textile and garment footwear raw materials 4.7 billion, up 25.6%, chemical imports totaled 3.3 billion US dollars, up 9.5% , Cotton imports total 1.4 billion US dollars, up 22.7%, the main import market for China.
Vietnam 's textile and garment exports soared in 2014, reaching 24.5 billion US dollars, compared with 2013 apparel exports totaled 20.4 billion US dollars, an increase of 19%, the largest increase in 3 years. Expected in 2015 reached and will soon reach the Free Trade Agreement (FTA) will Vietnam's textile and garment exports to bring more growth momentum, exports are expected to reach 280-285 billion US dollars. In the global textile and garment exporting countries (regions), Vietnam in 2014 to 19% growth rate of export growth in the fastest growing countries (regions). In the export destination, Vietnamese textile and apparel in the United States, Japan, Korea and other key export markets a firm foothold, accounting for 68% of total exports, in the, Canada, Russia and other markets continue to show growth. It is reported that in 2015 Vietnam and South Korea, the European Union and Russia and Kazakhstan Customs Union formally signed FTA. Signed, the textile and apparel products from 10% tax rate will be reduced to zero, which will vigorously enter the Vietnamese market potential to play a positive role in boosting.
Due to the lack of domestic textile surface materials, far from being able to meet their own garment processing plants, mainly rely on imports of fabric-based, and China's products are Vietnam's largest importer of the country in 2012 China's exports to Vietnam, 37.65 billion US dollars, 2013 China Fabric Exports of 5.57 billion US dollars in Vietnam, China's exports to Vietnam in 2014 reached 6.72 billion US dollars, an increase of 20.7%, which can be seen Vietnam garment processing plants in China's fabric products of all ages.
According to reports, the Vietnamese Ministry of Industry and Deputy Minister said that Vietnam's domestic raw materials production can only meet the textile industry, 30% of production needs, it is difficult to improve the trade surplus. To fabric imports, for example, the Vietnamese garment export processing industry needs 6.8 billion meters each year, a variety of fabrics, domestic production of only 800 million meters, and the general fabric-based, most of the high-grade fabric heavily dependent on imports.