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Fashion Fair 2008 to boost domestic garment sector
29
Sep '08
Vietnam Fashion Fair 2008, scheduled from November 19 to 24 in Hanoi, is seen by the experts as, an excellent opportunity for domestic textile and garment companies to boost their business.

This exhibition is organized by Vietnam National Textile and Garment Group (Vinatex) in association with Vietnam Textile and Apparel Association (Vitas) and VietFair along with other domestic collaborates.

According to officials of Vinatex, this expo will mainly emphasize on the fashion sector. This will help the local garment manufacturers to showcase their products on a larger scale. More than 250 booths will be set up here for around 100 domestic and overseas enterprises to showcase their wide range of products related to textile, garments, footwear and jewellery sector.

The textile and clothing industry of the nation has made significant progress in recent years. The annual export growth rate of this sector has reached nearly 32 percent. As a result, the textile and garment sector has become one of the major contributors in export earnings made by Vietnam.

The export turnover of textile and apparel industry is estimated to reach US $9.5 billion in 2008. In the first nine months, Vietnam earned nearly US $6.83 billion by shipping various textile and clothing products to various nations, showcasing an annual rise of 20 percent.

Fibre2fashion News Desk - Vietnam

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