The Vietnam Saigon Textile and Garment Industry / Fabric and Garment Accessories Expo (Saigon Tex) which is under-way in HCM City, has attracted nearly 1,200 exhibitors from 23 countries and territories, including Belgium, Canada, China, the Czech Republic, France, Germany, Hong Kong, India, Indonesia, Italy, Japan, South Korea and Vietnam.
The expo is showcasing a wide range of cutting edge machinery and equipment for the textile and garment industry.
It will feature several seminars, including talks on increasing the value of Vietnamese textile and garment products, investment opportunities in the textile and footwear sectors and trade barriers from the free trade agreement between the EU and Vietnam, todayâ€™s global apparel and fashion market.
Speaking at the opening ceremony on Wednesday, Phan ChÃ DÅ©ng, director of the Ministry of Industry and Tradeâ€™s Light Industry Department, said that Saigon Tex 2017 would offer garment companies a gilt-edged chance to foster relations with foreign enterprises and explore investment opportunities, acquire technologies to increase local content in garment products and improve quality to meet the needs of local and international buyers.
This would add value to Vietnamese garment and textile products, contributing to the development of the industry, he said.
The textiles and garments are among the countryâ€™s biggest exports, the industry earned US$28.5 billion from exports last year, a year-on-year increase of 5.2 percent. The US, the EU, Japan and South Korea were the largest buyers.
But its value addition was low compared to its counterparts in other countries, since enterprises mainly did sub-contracting work for foreign buyers. Another factor is that they have not developed a supply chain for the industry.
The event held at Saigon Exhibition & Convention Centre will tomorrow 8th April.
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