International textile and garment equipment expo opens in Hanoi

More than one hundred local and foreign enterprises are showcasing their wares at the international expo on raw materials, and textile and garment machinery opened in Hanoi on October 15.

Visitors at the textile and garment equipment expo
Visitors at the textile and garment equipment expo

During the opening ceremony, Le Tien Truong, General Director of the Vietnam Textile and Garment Group (Vinatex), said this year’s event had grown substantially compared to 2012.

Due to an increasing demand for textile dyes, an entirely new area was opened at this year’s trade fair to introduce relevant techniques and products.

According to Tran Tuan Anh, Deputy Minister of Industry and Trade, Vietnam’s textile and garment industry is estimated to achieve an export turnover of US$25.4 billion in 2014, a 19% year-on-year increase.

With considerable results achieved in recent years, the free trade agreements currently under negotiation, such as the Trans-Pacific Partnership, will create more opportunities for the industry to thrive, he added.

The event is organised by Vinatex and lasts until October 17.