DEMAND FOR FABRIC AND TEXTILES IS RISING IN VIETNAM LIKE NEVER BEFORE
OVERVIEW OF THE INDUSTRY Rubberized knitted fabric is a type of fabric that is used for the production and manufacturing of different kinds of goods. These fabrics can be made from various types of materials such as wool, silk, cotton, or polyester. These fabrics are mainly of two types – knitted or crocheted. In the year 2020, this rubberized fabric accounted for world trade of USD 25 billion, giving it a rank of 141 out of 1217 commodities that are listed in the list of world trade. The largest exporters and importers of Rubberized knitted fabric were China and Vietnam respectively with a trade value of USD 11.8 billion and USD 4.85 billion as listed in China Export Data and Vietnam Import Data for the year 2020. It was observed that Vietnam's Trade Data for the year 2020 was dominated by imports of fabrics and textiles. FABRICS AND TEXTILES IMPORTS DOMINATED VIETNAM IMPORT DATA IN THE YEAR 2020 According to the statistics and Vietnam Trade Data for the year 2020, th