Upbeat garment industry bodes well for future

Textile and garment manufacturers and suppliers are upbeat about current business prospects in the leadup to the opening of a major industry exhibition in HCM City on Wednesday.

Viet Nam National Textile and Garment Group chairman Le Quoc An said garment exports were expected to increase by 15 per cent this year, to reach $20 billion by 2020.

Viet Nam earned US$5.87 billion from garment exports in the first seven months of this year, a year-on-year rise of 17.4 per cent.

These statistics bode well for the 10th Viet Nam International Textile and Garments Industry Exhibition to be held at the Sai Gon Exhibition and Convention Centre.

The exhibition is expected to attract more than 16,000 domestic and overseas visitors. It will host about 230 companies across 9,000sq m.

Events will include a fashion show, featuring brands such as CK, Diesel and Levi, with two performances a day on the first three days, and a seminar on trends, techniques and technologies, organised by the Association of Garments, Textiles, Embroidery and Knitting.

Also, first-time participant at the exhibition, Birla Cellulose, will introduce biodegradable and sustainable resources which are new to the industry. — VNS

Tags: Vietnam garment exports, Vietnam Garment industry