Russian fair offers opportunities for VN garment, textile products

Russian fair offers opportunities for Vietnamese garment, textile products

Eight Vietnamese garment and textile firms are joining more than 2,00 foreign peers at the 53rd Federal Wholesale Fair of Goods and Equipment for Textile and Consumer Goods Industries (Textillegprom 2019) which is taking place at the All-Russian Exhibition Centre on September 17-20.
Russian fair offers opportunities for Vietnamese garment, textile products ảnh 1At the Textillegprom 2019 (Photo: VNA)

Moscow (VNA) – Eight Vietnamese garment and textile firms are joiningmore than 2,00 foreign peers at the 53rd Federal Wholesale Fair ofGoods and Equipment for Textile and Consumer Goods Industries (Textillegprom2019) which is taking place at the All-Russian Exhibition Centre on September17-20.

Vietnamese booths, which are showcasing jackets, jean clothes and sleepwear,attracted many Russian entrepreneurs who came to seek cooperative opportunitieson the opening day.

According to Vice Chairman of the Vietnam Textile and Apparel Association(VITAS) Truong Van Cam, this is the third time Vietnamese firms have attendedthe fair, and it has helped the enterprises get access to potential markets andcustomers.

Trade promotion programmes have brought back efficiency as many garment andtextile firms have secured contracts to export their products through similarfairs, he said, expressing his hope Vietnamese firms will be successful at theTextillegprom 2019.

Responding to Vietnam News Agency’s correspondent, Trade Counsellor of Vietnamin Russia Duong Hoang Minh affirmed the country’s shipments to Russia haveenjoyed robust growth since the free trade deal between Vietnam and theEurasian Economic Union (EAEU), of which Russia is an important signatory, cameinto force in 2016.

Particularly, export revenue of garment and textile rose7 percent year-on-year to 179.9 million USD last year. In the first sevenmonths of this year, the value reached 154.2 million USD, surging 60 percent yearon year.

Minh stressed Vietnam gained some 180 million USD from garment and textileshipments to Russia, accounting for only 3 percent of the latter’s importrevenue. Therefore, Vietnamese firms need to study Russian market and seekcustomers.

Textillegprom is the biggest exhibition of goods and equipment for textile andconsumer goods industries Russia and the Commonwealth of Independent States(CIS). This year’s event is expected to welcome over 37,000 visitors, who arewhole sale buyers and industry experts, and features research and trainingconferences, workshops and roundtable discussion.
 
After attending the Textillegprom 2019, the Vietnamese firms will continue to lookfor partners in Moskva and St.Peterburg until September 25./.
VNA

See more

At the second economic consultation meeting held in Warsaw (Photo: Ministry of Industry and Trade)

Vietnam, Poland discuss major measures to beef up economic ties

Vietnam and Poland discussed and agreed on major measures to beef up trade and economic partnership at the second economic consultation meeting held in Warsaw as part of Prime Minister Pham Minh Chinh’s ongoing official visit to the European country.

Executive President of the China - ASEAN Business Council (CABC) Xu Ningning. (Photo: VNA)

Broader space for Vietnam - China cooperation: Chinese expert

By working together on new challenges and business opportunities, the prospects for cooperation between China and Vietnam will be even broader, and there will certainly be more space for development, said Executive President of the China - ASEAN Business Council (CABC) Xu Ningning.

Illustrative image (Photo: VNA)

Vietnam, Algeria forge stronger economic bonds

The Vietnam Trade Office in Algeria held a meeting with representatives from several Algerian trade promotion organisations and businesses on January 15 to look back on bilateral trade and chart a course for future collaborations.

Swiss-Viet Economic Forum members (Photo: VNA)

Swiss-Viet Economic Forum helps boost bilateral collaboration

The Swiss-Viet Economic Forum (SVEF) set goals for 2025, focusing on continuing to serve as a bridge to strengthen economic and cultural relations between the two countries at an event on January 15 to celebrate the first anniversary of its establishment.

Workers at a Taiwanese company in An Duong industrial part, Hai Phong city. (Photo: VNA)

Hai Phong, Quang Ninh attract 7.82 billion USD in FDI in 2024

With 7.82 billion USD in foreign direct investment lured in 2024, the port city of Hai Phong and the northeastern province of Quang Ninh continued affirming their strong attraction as the two pillars of the northern economic triangle, that includes Hanoi.