The International specialised Exhibition of Equipment and Materials for Textile Industry (SaigonTex 2014) recently took place in Tan Binh Exhibition and Convention Centre in Ho Chi Minh City.
The event was co-organised by the Vietnam Textile and Garment Group (Vinatex), Hong Kong Exhibition Company (CP Exhibition) and VCCI Exhibition Services Company (Vietcham Expo) under the auspices of the Ministry of Industry and Trade and Vietnam Textile and Apparel Association (Vitas).
SaigonTex 2014 with the display area of more than 13,000 square metres attracted 500 companies (increasing by 40 percent compared with 2013) from 24 countries and territories.
This year's exhibition attracted well-known brands in the garment and raw materials industry from Germany, Italy, South Korea, Taiwan and China such as Karl Mayer Benningger, Corino, Cam, Mario Crosta, Ma Huang, Shaoxing, Shenzhen, Suzhou, Toyota, Wujiang showcasing modern equipment, machinery and raw materials.
SaigonTex 2014 helped strengthen and facilitate the collaborative business relationship among home and abroad textile enterprises; at the same time, support businesses in making right investment choices through exhibitions and seminars.
Deputy Minister of Industry and Trade, Ho Thi Kim Thoa said that SaigonTex 2014 has gone through 23 years with the participation of many leading textile enterprises worldwide. This year's exhibition was a good opportunity for businesses to further study new technology, types of equipment and spare parts in order to promote investment in the Vietnamese textile industry to meet the increasing demand of customers. She reaffirmed that SaigonTex 2014 was one of the prestigious exhibitions in Vietnam and the region. It is considered an attractive destination for manufacturers, for international investors, for domestic and foreign customers in the textile sector.
In 2013, the Vietnam textile industry achieved high growth with export turnover of US$20.4 billion, increasing by 18 percent compared with 2012. It is expected to reach US$25 billion by 2020. In order to realise this goal, the textile industry implemented the sustainable development strategy and intensively invested in new engineering and technology to improve productivity, quality and ensure environmental safety.
Mr Nguyen Tien Truong, Deputy General Director of Vietnam Textile and Garment Group (Vinatex) also stated that SaigonTex 2014 was partly designed for the modernisation of the textile industry with the goal of helping businesses access new technology from advanced countries and seek for suitable materials supply sources, contributing to the increase of Vietnam ‘s textile export turnover.
On the sidelines were many seminars related to the textile industry, such as the prospects of Vietnam’s textile and garment industry and the impact of the Trans-Pacific Partnership Agreement (TPP), the Free Trade Agreement (FTA) between EU and Vietnam: opportunities and challenges for the textile industry, and Updating regulations of C/O for main export markets.
Seminars helped businesses update the process of promoting FTA between Vietnam and the EU, advantages and disadvantages of the Vietnamese textile industry when completing EU- Vietnam FTA, information related to C/O when joining major markets such as the US, EU and Japan.
Le Phuong
Vietnamese
