Vietnam International Textile and Garmentopens in HCM City

The 16th Vietnam International Textile and Garment Industry Exhibition was taken place in Ho Chi Minh City on November 23.

More than 400 agencies and businesses from 17 countries and territories attended the event. The participants showcased their up-to-date machinery and equipment in the exhibition, such as sewing machines, power looms, automatic fabric cutting and printing machines, garment materials, apparel and accessories.

Workshops on domestic firms’ competitiveness and the future of Vietnam’s textile and garment industry will also be held as part of the exhibition, which will last through November 26.

According to the National Garment and Textile Group (Vinatex), Vietnam’s textile and garment exports increased 4.8 percent year on year in the first 10 months of 2016 to 23.3 billion USD.

The country targets total overseas shipments worth 28-29 billion USD this year. The US is the top market for Vietnam’s textile and garment products with 10 billion USD, up 4.37 percent from a year earlier, followed by Europe with nearly 3 billion USD, up 2.46 percent.

Source: VNA