The event, which will gather over 380 exhibitors from 12 countries and territories around the world, will feature the latest technological advancements in fabrics, yarns and accessories.
The flow of foreign direct investment (FDI) into the Vietnamese garment and textile sector has rebounded thanks to the country’s sound investment climate and abundant workforce as well as its open economy, according to insiders.
The Vietnamese garment and textile sector is carrying out various measures to bolster production and business activities amidst formidable challenges posed by falling demand, high inventory, and geopolitical instability in several countries.
Going green is becoming vital for Việt Nam to tap opportunities arising from the UK – Việt Nam Free Trade Agreement (UKVFTA) to expand exports to the UK, the market which is aiming to develop a more circular fashion industry.
According to statistics of the Vietnam Textile and Apparel Association (Vitas), the export of garment and textile products decreased by more than 19 per cent to US$8.7 billion in the first quarter of this year, a disappointing result compared to...
The country’s garment and textile exports have seen recovery with turnover of US$7.2 billion in the first quarter of the year, slightly increasing 1.1 per cent from the same period last year.
Taiwanese enterprises have been increasingly investing in the garment and textile and footwear industries in recent years to capitalise on opportunities provided by free trade agreements that Viet Nam has signed.
The annual Cotton Day Vietnam to promote links between garment and textile companies and cotton suppliers and experts in Việt Nam and the US will be held on September 22.
Besides satisfying rules of origin, Vietnamese firms must also follow global standards of corporate social responsibility to take advantage of tariff benefits brought by FTAs.
Truong Van Cam, deputy chairman of Vitas, said these figures were anticipated to fall much further in May and June due to the majority of export orders being cancelled or delayed.