Opportunities for Vietnamese Garments, Textiles in Japan
Currently, Japanese people spend US$40 billion a year on clothing, but its domestic production can meet only 5 percent while the remaining 95 percent is offset by imports. Hence, Japan is a fertile market for apparel and garment exporters, including Vietnam. In recent years, Japan has repeatedly surpassed the European Union (EU) to be the second largest importer of Vietnam's garments and textiles after the United States. Although apparel and textile shipments to Japan do not hold a big market share, this is a traditional loyal market for Vietnam’s garments and textiles.