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VTG Vietnam 2012 |
Closed
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| The 12th Vietnam International Textile & Garment Industry Exhibition |
| Dates:
Wednesday, November 14, 2012 - Saturday, November 17, 2012
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| Venue: Saigon Exhibition & Convention Center,
Ho Chi Minh City,
Vietnam |
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Concurrent with The 11th Vietnam International Textile & Apparel Accessories Fair
Prospects for the Textile and Garment Industry in Vietnam
Vietnam's textile and garment industry has developed rapidly in recent years and has become a vital activity within the country's economy. In 2004 it employed 2.1 mn people directly, representing 4.7% of total employment within the country.The industry has a number of leading textile and garment enterprises. One of the largest is the state-owned Vinatex, which accounted for an estimated 22% of Vietnamese textile and garment exports in 2006. One of Vinatex's affiliates, Viet Tien Garment Company, has invested more than US$10 mn during the past five years in order to upgrade its production lines. Most of this new equipment has been imported from Japan and Singapore. Also, in 2006 the sector exported textiles and garments to the value of US$5.8 bn, making it Vietnam's second largest export earner after crude oil. Buyers from a number of the world's leading textile and apparel companies have sourced apparel from Vietnam including Express, Hucke, Itochu, JC Penney, Jupitar, Kmart, Kowa, Lee Cooper, Li & Fung, Mast Industries, Nichimen, Nissho Iwai, Otto, Sara Lee, Seidensticker, Sumitomo, Tomen, Tommy Hilfiger, Victoria's Secret, and Wal-Mart.
' Three major developments over the past 20 years have led to the industry's present vibrancy. One was the introduction in 1986 of the so-called Doi Moi economic reforms which notwithstanding the government's communist leanings gave encouragement to the private sector and allowed market forces to determine the allocation of resources.
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Website: http://www.vtgvietnam.com/
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| Previous Dates: | | | VTG Vietnam 2011 | 10/19/2011 - 10/22/2011 | Ho Chi Minh City, Vietnam | |
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