A number of seminars focusing on the value of Vietnamese textile products, global fashion market, trade barriers owing to the FTA between EU and Vietnam and investment opportunities in the textile sectors were held during the expo.
Phan Chí Dung, director, ministry of industry and trade's light industry department of Vietnam said during the opening ceremony that textiles and apparel contribute the most towards the country's exports.
He said that a supply chain for the industry has not been developed. Saigon Tex 2017 can give the textile sector of Vietnam a chance to build relations with foreign companies and look at new investment opportunities. It can also help Vietnamese companies improve the quality of their products, said Vietnamese media reports quoting Dung.
The textile and apparel industry of Vietnam made $28.5 billion from exports last year, increasing by 5.2 per cent compared to 2015. The largest buyers of Vietnamese textiles were the US, Japan, EU and South Korea. (KD)
Fibre2Fashion News Desk – India