For promotion abroad and internationalization of Italian businesses, the Italian trade agency and ACIMIT has decided to host 12 Italian textile machinery makers to target the Vietnamese market at the upcoming Saigontex trade fair to be held next month. 

Vietnam is ranked at eight among export markets for Italian textile machinery companies, with exports to Vietnam over the first nine months of 2015 reaching EUR 31 million, a 53 per cent increase compared to the same period for 2014. Among the products most in demand are finishing/ennobling and spinning machinery. 

Meanwhile, Vietnam has recently become a major market for textile machinery manufacturers. Having emerged as an important manufacturing hub for the garments sector, due to low labour costs, the country has now received a further boost for developing its textile industry, through the free trade agreements recently signed with the European Union and United States. 

Scheduled from March 30 to 2 April 2016 in Hochiminh City, Saigontex, the Vietnam Textile & Garment Industry Expo is the biggest and most important trade and information platform in Vietnam. The 12 Italian machinery manufacturers are all ACIMIT associated members and include: A. Piovan, Beta Machinery, Carù, Fadis, Ferraro, JK Group, Mei, Pozzi Leopoldo, Pugi Group, Ratti, Rollmac, Tonello.