Germany's latest textile and apparel technologies were introduced to local enterprises in Ha Noi on July 5. — VNA/VNS Photo

HA NOI (Biz Hub) — More than 600 business representatives and experts from Viet Nam's textile and support industries were introduced yesterday in Ha Noi to Germany's latest textile and apparel technologies.

The event, held by the by the VDMA Textile Machinery Association, supported by the Viet Nam Textile and Apparel Association (VITAS), provided an opportunity for companies to make contact, exchange information and establish a mutually beneficial co-operation, said Truong Van Cam, VITAS deputy chairman.

German machinery is of high quality although its cost is high, said Cam.

"However, if Vietnamese textile enterprises want to develop modern technology, they should co-operate with high-technology providers to catch up with global quality and labour productivity," he added.

The deputy chairman also said that a considerable proportion of technologies in Viet Nam's textile and apparel industry needed to be replaced to improve quality, especially those supplying cloth for export garment-making. "Due to the recently signed Trans-Pacific Partnership (TPP), Viet Nam is increasingly becoming a much preferred textile manufacturing location by companies worldwide," explains Thomas Waldmann, managing director of the VDMA Textile Machinery Association.

TPP will reduce 18,000 tariffs. Viet Nam is almost a sole supplier of textiles among the TPP member countries and an important supplier of textiles and garment to big consumer markets like the US.

Textile and garment exports from Viet Nam to TPP markets are expected to grow by more than 10 percent this year.

"Viet Nam is a very important market in the area of textile, there is a need for Vietnamese textile industry to invest to modernise the technology and machinery. German companies and VMAD member companies are leading in this area, and that is the reason we are here," said Boris Abadjieff, director of Exhibition and Export Marketing under the VDMA.

Phi Ngoc Trinh, deputy director of the Ho Guom Garment JSC, said the forum was a good opportunity for Vietnamese businesses as the country was integrating further and deeper into global markets with many trade agreements, including TPP, as well as the Viet Nam-EU free trade agreement.

The VDMA Textile Machinery Association groups 130 companies manufacturing textile machines and equipment with a value of 3.1 billion EUR (US$3.46 billion) in 2015. A similar event will be held in HCM City tomorrow. — VNS