At an exhibition showcasing textile-garment materials and machines (Photo: VNA) HCM City (VNA) – A series ofinternational trade fairs for the garments and textiles, as well as footwearsectors are scheduled to take place at the Saigon Exhibition and ConventionCentre in Ho Chi Minh City on November 21-24.
The events will be jointly held by the VietnamNational Trade Fair & Advertising Company (VINEXAD), the Yorkers ExhibitionService Vietnam, and the Guangdong Sewing Equipment Chamber of Commerce, amongothers, with the support of the Vietnam Cotton and Spinning Association(VCOSA), the HCM City Association of Garment and Textiles (AGTEK), and theChina Sewing Machinery Association (CSMA).
VINEXAD Director Pham Dang Khanh said the tradeshows include the 18th edition of the Vietnam International Textile &Garment Industry Exhibition (VTG 2018) and the Vietnam International Textileand Apparel Accessories Exhibition (VitaTex).
TheVietnam International Footwear Machinery & Material Industry Exhibition(VFM), and the eighth Asia International Dye, Pigments, and Textile ChemicalsExhibition (INTERDYE ASIA 2018) will also be held concurrently.
The events are expected to feature over 600booths of more than 400 businesses from 11 countries and territories, includingChina, Germany, India, Japan, the Republic of Korea, and Malaysia.
The trade shows offer a chance for Vietnamesefirms to connect with international garment firms, which will in turnconsolidate Vietnam’s increasing position and role in the global market.
Nguyen Van Khanh from the HCM City Leather andFootwear Association said that Vietnam’s garment-textile industry had one ofthe highest revenue and export value from around the world, ranking in the topfive while raking in 16 billion USD in the first half of 2018, up 14 percentyear-on-year.
The free trade agreement between Vietnam and theEuropean Union (EU) is hoped to create a positive influence for the country’sgarment-textile. In addition, the country has signed a number of agreements,notably the Comprehensive and Progressive Agreement for Trans-PacificPartnership (CPTPP), which offer favourable conditions for the footwearsector.
Vietnam is home to some 700 footwear makers withabout 1.5 million labourers. The country’s footwear exports have enjoyed robustgrowth, reaching 13 billion USD in six years from 6.5 billion USD in 2011. Thefigure is projected to hit 20 billion USD this year.
Vietnam’s garment-textile sector holds greatpotential thanks to positive signs in 2018 and benefits accessed through therecent trade agreements, said Nguyen Binh An, VCOSA Secretary General.
The ASEAN Economic Community will also bringcooperation opportunities for Vietnam to seek suitable suppliers and establisha supply chain to raise the country’s competitiveness in major markets of theUS, the EU, and Japan, he added.–VNA
VNA
