Companies from India, Japan, China, Germany, Taiwan, Turkey, and Korea showcased sewing, spinning, knitting, printing, embroidery, and weaving machines at the four-day expo which was aimed at helping manufacturers source machines and technologies in order to increase fabric production.
This year's event held great importance due to the successful negotiation of Trans-Pacific Partnership (TPP) agreement between Vietnam and 11 other countries. Vietnam is expected to have a competitive edge over the other exporting countries once the agreement comes into effect.
Along with match-making and networking activities, seminars discussing Vietnam's investment environment, solutions to improve efficiency and quality in the industry, and Free Trade Agreements and its impact on the textile industry were also conducted at the event.
The exhibition and its concurrent event Textile & Apparel Accessories Exhibition (VTG 2015) was officially organised by Ministry of Industry & Trade, Vietnam National Trade Fair & Advertising Joint Stock Company (VINEXAD), Yorkers Trade & Marketing Service and Chan Chao International.
Vietnam requires over 8 billion metres of fabric annually for manufacturing garments but it produces only 3 billion metres, according to estimates. (HO)
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