Hanoi Fabric 2022 will be held in Vietnam, November 23 to 25, 2022. Several groups and pavilions will be coming from China, Taiwan, Korea and India.
Hanoi, situated in north Vietnam, is emerging as a new production base in the country. Costs of labour, production and land are lower compared to Ho Chi Minh City. The country is investing in developing the infrastructure of north Vietnam and many local and international textile and garment factories have already moved to north Vietnam.
With the world’s reopening after Covid, Vietnam’s textile and garment manufacturing is resuming. As Vietnam is very dependent on imported raw materials, garment enterprises need to import over 70 per cent fabrics and garment accessories for their production.
Vietnam is the world’s third largest exporter of garments. But the industry is facing many difficulties including a steep fall in export orders due to soaring inflation in major markets and rising input costs. China’s strict pandemic control, where more than 50 per cent of raw materials for the Vietnamese textile and garments are sourced, has pushed up input costs.
In addition, the EU has introduced new regulations on the textile industry, including replacement rates, green products and switching from fast fashion to sustainable fashion, which makes it harder for Vietnamese apparel products to enter this region.