The SEA region plays an important role in the global textile and apparel industry owing to its strong comparative advantages for manufacturers, like market access, low labour costs, investment incentives and existing industrial base, according to organisers Godiasia.
In Asia, the textile and apparel industry is developing rapidly in Vietnam, Myanmar, Cambodia, Bangladesh, India and other countries. The host country for the event, i.e., Vietnam is also witnessing rapid growth and the country currently exports its apparel and textile products to 180 countries. Vietnam’s textile and garment industry is expected to maintain high growth potential until 2035 with an estimated export turnover of about $200 billion, Godiasia said in a pre-event statement.
However, the textile and apparel industry in the SEA region also faces challenges, with the main ones being rising wages, unskilled labour force and international competition.
The Textile and Apparel SEA Summit 2022 will grasp the latest opportunity and trends, together with good practice sharing to accelerate industry upgrade and development. The event will have four themes as under:
At the sessions, relevant high-level leaders will discuss the highlights on Policy, Current Situation, Opportunities, Sourcing Strategy, Supply Chain Management, Raw Materials, Production, Technology Upgrade, Quality Assurance and Sustainable Development.
Fibre2Fashion News Desk (RKS)