Hanoi Tex is on at Vietnam from September 19 to 21. This show is about textile products made of micro-fiber fabrics, yarn, silk, bamboo fiber, non-woven fabrics and cotton. It also features modern equipment, machinery, automatic technologies and other auxiliary materials.
The show is a good opportunity for domestic businesses in the textile and garment sector to learn and equip themselves with advanced equipment and modern technology as well as expanding cooperation. Vietnam’s exports of textile and garment rose 10 per cent in 2017 compared to 2016. In the first eight months of this year, export figures were up 15 per cent over the same period last year. Major markets, including Japan, Korea and China, accounted for 75 per cent of Vietnam's export value and increased more than 20 per cent over the same period.
This year continues to be a challenging for Vietnam’s domestic textile and garment industry as the sector needs to move forward in its global textile supply chain by adding greater value. In addition, the fourth Industrial Revolution has also had a major impact on the textile industry, forcing businesses to adapt and invest more strongly in equipment, as well as personnel. The forecast for Vietnam’s garment exports in the remaining months is positive.