HCM City – A wide range of machinery and business solutions for textile and garment manufacturing chains are on display at the 17th Vietnam International Textile & Garment Industry Exhibition (VTG 2017), which opened on November 22 in Ho Chi Minh City.
Held simultaneously with the Vietnam International Textile and Apparel Accessories Exhibition, the two expos feature 450 booths set up by 400 exhibitors from 17 countries and regions, including Australia, Bangladesh, China, Hong Kong, India, the Republic of Korea, Malaysia, New Zealand, Singapore, Sweden, Switzerland, Taiwan, Thailand, Turkey and Vietnam.
Covering 12,000sq.m at the Saigon Exhibition and Convention Centre until November 25, the event features complete value chains for the textile and garment sector, including textile and apparel processing machines, sewing machines, digital printing machines and fabric dyeing machines, as well as accessories, fibers, filaments, yarn and fabrics.
A number of seminars will be held on the sidelines of the expos to share advice on a several issues, including Vietnam’s preparation for free trade agreements, the garment industry’s ability to handle fast fashion, and sourcing in the “Age of Trump”.
There will also be presentations on an overview of the industry, from fiber to textile, in Vietnam and the impact of China’s One Belt One Road initiative on Vietnam’s textile and apparel industry.
The events were organised by the Vietnam National Trade Fair & Advertising Joint Stock Company (VINEXAD) and Yorkers Trade & Marketing Service Co. Ltd, and co-organized by Guangdong Sewing Equipment Chamber of Commerce, Hong Kong Apparel Machinery Association, and Paper Communication Exhibition Services.
Garments and textiles are one of the country’s main export items.
According to the General Department of Vietnam Customs, Vietnam earned 21.43 billion USD from garment and textile exports in the first 10 months of the year, a year-on-year increase of 9 percent, with exports to the US, Japan and the RoK enjoying good growth.
Exports are expected to reach 31 billion USD for the entire year, up 10 percent over last year.
Photo: CBR Investment AG