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ACIMIT & ICE at Vietnam Textile & Garment Expo

Mar '07
The presence of an Italian meeting point, organized by the Association of Italian Textile Machinery Manufacturers (ACIMIT) and the Italian Trade Commission (ICE), at Vietnam Textile & Garment Expo that will occur in Hanoi on next 17-19 April 2007 testifies the great interest of Italian textile machinery industry for Vietnam.

Among the emerging markets for textile machinery, Vietnam is one of the most promising one. In 2005 Vietnam was ranked 16 out of 153 nations manufacturing and exporting textiles and apparel. The heading target for the local authorities is to raise Vietnam up to top 10 of textile and apparel export countries.

Textile and apparel products are considered as key export products of Country and have competitive position in the integration of regional and international markets, stood firmly in the US market, EU countries, Japan, and are under expansion to many other countries and regions. The accession to WTO also creates condition for Vietnamese enterprises to have opportunity to approach new capital sources, high technology and advanced management method, especially from developed countries, such as the United States, European Union and Japan.

Undoubtedly the Vietnamese textile sector is forecasted to grow faster in the next years. To reach the international standards requested for exporting high quality products investments to upgrade the technology are needed. This technology is offered by Italian companies, well-known as providers of excellent textile machinery. At the Italian meeting point of Vietnam Textile & Garment Expo, visitors will find the most up-to-dated Italian technologies in the spinning, weaving, knitting and finishing sectors.

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