Speaking at the opening ceremony, Deputy Minister of Industry and Trade Cao Quoc Hung said the fair is held to help Vietnamese firms access technologies from leading companies in the field, thus enhancing their capacity and added value.
The three-day expo attracted 171 companies from 13 countries and territories such as Germany, China, Indonesia, Japan and the Republic of Korea. The expo showcased latest machineries, materials and technologies of the textile and garment industry
In the coming time, Vietnam’s garment-textiles industry is forecasted to get abundant opportunities as Vietnam has joined a number of trade pacts, such as the Trans-Pacific Partnership deal as well as free trade agreements with the EU and the Republic of Korea.
Revenue from garment-textile exports hit 27.3 billion USD in 2015, and is expected to reach 30 billion USD this year.