Visitors at the exhibition (Source: thesaigontimes.vn)

HCM City (VNA) – A series of international exhibitions in the footwear, garment and textile industries opened at the Saigon Exhibition and Convention Centre in Ho Chi Minh City on November 21.

They include the 18th Vietnam International Textile and Garment Industry Exhibition (VTG 2018), the Vietnam International Textile and Apparel Accessories Exhibition (VitaTex), the Vietnam International Footwear Machinery and Material Industry Exhibition (VFM), and the 8th Asia International Dye Industry, Pigments and Textile Chemicals Exhibition (Interdye Asia 2018).

VTG 2018 drew more than 400 exhibitors with more than 600 booths from 11 countries and territories, including China, Germany, India, Japan, the Republic of Korea, Malaysia, Portugal, Turkey and Vietnam.

The event has introduced new products such as embroidery machines of Bao Lun, Rich Peace, Tajima and ZSK, and printers of big names such as Heinz Walz, Epson, Grafica and Sulfet.

Meanwhile, Interdye Asia 2018, the biggest exhibition in its field, is expected to help develop Vietnam’s garment and textile sector and chemicals for the sector in particular.

Statistics show that Vietnam has more than 700 footwear producers involving about 1.5 million workers. Vietnam has become the world’s third largest exporter of handbags and footwear with strong growth in production and export revenue.

However, the country is facing difficulties in terms of machinery for the footwear and garment and textile sectors.

At the same time, as one of the most dynamic economies in Southeast Asia, Vietnam has signed many free trade agreements with partners, including the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). This is a favourable condition for the country to receive support and technology transfer from international partner for its footwear sector.

Pham Xuan Hong, Chairman of the Ho Chi Minh City Association of Garment and Textile, Embroidery and Knitwear (AGTEK) said that the free trade agreement between Vietnam and the EU is expected to create new development motivation for the sector if domestic businesses can optimise opportunities to improve their production, productivity and reduce costs.

Besides, the firms will also have chances to cooperate with regional countries to seek better material resources and form a competitive supply chain.

In the first half of 2018, Vietnam enjoyed record high export revenue from garment and textile products, ranking in the top five of the world. Vietnam’s footwear sector ranks second in the world only after China, accounting for 7.4 percent of global exports.

The exhibitions will run until November 24.-VNA