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Sep 30, 2020 (Market Insight Reports) —
The Market Insights Reports has published the obtainability of a new statistical data to its repository titled as, Smart Clothing Market. It provides the industry overview with market growth analysis with a historical & futuristic perspective for the following parameters; cost, revenue, demands, and supply data (as applicable). Furthermore, the report also sheds light on recent developments and technological platforms, in addition to distinctive tools, and methodologies that will help to propel the performance of industries. The report also presents forecasts for Smart Clothing investments from 2020 to 2026.
The global Smart Clothing market is valued at US$ 110.7 million in 2020 is expected to reach US$ 5527 million by the end of 2026, growing at a CAGR of 74.0% during 2021-2026.
The EVFTA Agreement will ensure that Vietnam gets a competitive advantage over China.
Ho Chi Minh City, Vietnam, Sept. 27, 2020 (GLOBE NEWSWIRE) — Vietnam is quickly being recognized as one of the fastest clothing and apparel manufacturers in the world. Despite being a developing nation, Vietnam is capable of producing high-quality goods with low production costs.
The country has dedicated over 2.3 million people towards the clothing and textile industry. This industry adheres to the dynamic market demands and rates while operating efficiently.
Existing factories in China are becoming overcrowded. This allowed their manufacturing expertise to spill over borders into Vietnam. Multilateral free trade agreements such as TPP and EVFTA have also encouraged industry growth.
The EVFTA Agreement will ensure that Vietnam gets a competitive advantage over China. This enables them to enjoy