Business

Vietnam attends international garment fair in France

Ten companies from the Vietnam Textile and Garment Association (VITAS) attended the Apparel Sourcing Paris, a leading European sourcing trade fair, in Paris from September 18-21, to seek trade partners.
Vietnam attends international garment fair in France ảnh 1Vietnamese booth at the Apparel Sourcing Paris.
(Photo: VNA)

Paris (VNA) – Ten companies from the Vietnam Textile and GarmentAssociation (VITAS) attended the Apparel Sourcing Paris, a leading Europeansourcing trade fair, in Paris from September 18-21, to seek trade partners.

The fair, held in February and September each year, displayed finished productslike knitwear, casual wear, sportswear, outerwear and corporate wear. Informationon the latest clothing trends was on display at booths and forums.

Cooperation and investment opportunities in the Vietnamese garment sector wereintroduced at a conference held by French non-profit Evalliance association,which was established in 2014 to connect the EU and Indochina in the industry.

According to the trade office of the Vietnamese Embassy in France, France is theVietnamese textile industry’s fifth largest market in the EU. Vietnam createsfavourable conditions for French investors to study opportunities with domesticbusinesses and offers them preferential policies like corporate income tax cuts,material import tax cuts and reduced land hiring cost.

A representative from Evalliance expressed admiration for Vietnam’s rapidgarment growth and the country’s strategies to lure investment.

On the occasion, a fashion show on the autumn-winter collection of Garment 10Joint Stock Company, which specialises in office fashion, was held.

Pham Thi Bich Thuy, managing director of the company, said that the company hasinvested in modern production lines to improve product quality.

The company won contracts with some large customers at the fair, she added.

With export revenue of 3 billion euros every year, Vietnam is the sixth largestgarment supplier for the EU. Experts said that the Vietnam-EU free tradeagreement will allow Vietnam to consolidate its position as a leading exporter tothe EU. After the deal takes effect, 71 percent of Vietnamese exports to the EUwill be duty free while other tax lines will be dropped in the following sevenyears.

Currently, Vietnamese products are levied taxes from 8-12 percent in the EU.

According to the deal, goods must have clear origin to enjoy preferentialtaxes.-VNA
VNA
#Vietnam Textile and Garment Association #Apparel Sourcing Paris #leading European sourcing trade fair #French non-profit Evalliance association #Garment 10 Joint Stock Company France
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