Saigontex is the leading exhibition in the textile industry in Vietnam. This is a favorable opportunity for businesses to meet, exchange and promote production and trading in the future. SaigonTex and the textile industry have a close connection in bringing Vietnamese businesses to the world through the exhibition.
Overview of the textile industry in Vietnam
In the past 2022, in just the first 10 months of the year, the whole textile and garment industry exported nearly 38 billion USD, an increase of more than 17% compared to the same period in 2021. The textile and garment industry has exported to 66 countries and territories. This is the breakthrough of Vietnam’s textile and garment industry in market development. Along with that, the number of items that maintain exports of about 47-50 different items to the global market and account for a large proportion of exports is clothing and clothing of all kinds.
Textile is one of the key industries of the country. In the development orientation of the Industry and Trade industry, the Ministry of Industry and Trade always considers the textile and garment industry to be an important industry, not only playing the role of an industrial production industry bringing high export value, ranking third in the country, but also playing an important role in the development of the industry. plays an extremely important role in stabilizing social security, creating jobs for a large number of workers with incomes 2-3 times higher than agricultural workers. Therefore, the combination of SaigonTex and the textile industry is an opportunity for Vietnamese enterprises to expand their business network globally.
According to VITAS, in the last 6 months of 2022, the import and export situation of the textile and garment industry slowed down due to direct impacts from inflation, the conflict between Russia and Ukraine, China’s “Zero COVID” policy when Vietnam Nam is importing over 40% of raw materials and accessories from this market with strict requirements from importing countries on commitment to sustainable development and combating climate change.
Facing these difficulties, Vietnam’s textile and garment export turnover still maintains a good growth rate of 42 billion USD, up 3.8% compared to 2021. In the period of 2023-2025, the world economic forecast is still With many uncertainties, the textile and garment industry needs to have a new direction, reduce dependence on the international market, be self-sufficient in the supply of raw materials and accessories, and gradually shift focus to exploiting the domestic market. With a population of nearly 100 million people, Vietnam is a potential textile and garment consumption market for businesses
Through the combination of SaigonTex and the textile industry. The goal from now to 2025, Vietnam will have 20 fashion brands not only in the country but also reaching out to the world. To achieve the set goals and implement the slogan “Overcoming challenges – Sustainable development – Towards the future”.
Saigontex and the textile industry bring Vietnamese businesses to the world
SaigonTex and the textile industry is an International trade event for the Textile & Garment Industry organized by CP Exhibition Ltd. Saigontex is the first trade show organized by CP in Vietnam. Taking place for the first time in 1990, Saigontex is considered the largest and most influential event in the textile industry. This is also the only textile industry exhibition approved by the UFI Association and certified for international quality assurance. Therefore, businesses need to find themselves a beautiful and impressive exhibition booth designing unit to promote their products to customers.
SaigonTex and the textile industry in Vietnam have made extremely effective transformations, bringing great development to domestic and foreign businesses. This is a good opportunity to help businesses participating in SaigonTex and the textile industry access the most advanced generations of technology and modern equipment, thereby determining investment orientation in the coming time. .
In the context that some countries in the world are still closed, SaigonTex and the textile industry 2023 still receive great attention from textile enterprises in the world. This is evidenced by the impressive numbers that Saigontex has brought in over the years. By this year, Saigontex 2023 recorded a huge number of businesses registering to participate in the exhibition with 278 businesses from 17 countries and regions around the world such as China, Germany, Hong Kong, India, Indonesia, Italy, Japan, Korea, Malaysia, Pakistan, Singapore, Taiwan, Thailand, Turkey, United Kingdom, USA, Vietnam. The total exhibition area is up to 10,000m2.
The new point of SaigonTex and the textile industry this year is to focus on high quality industrial sewing machines, high automation technology systems, providing digital solutions for the garment industry. The machinery products displayed and introduced at the exhibition are all new and most advanced technologies in the world; Materials are also diverse from garment accessories, fabrics, to other materials.
Therefore, participating in the exhibition at Saigontex 2023 is an extremely suitable choice for businesses and companies that are looking to expand their markets to developed countries.
>> See more: Exhibition stand booth builders
>> See more: Export situation of the textile and garment industry and the return of Saigontex exhibition
