As the outbreak eases in Vietnam, the country's borders were fully opened to international tourists. Travelers to Vietnam no longer need to present a negative COVID-19 test before entering the country. The Vietnamese market is starting to adapt to the "new normal" and gradually recovering from COVID-19. In addition, capital flows affected by the Ukrainian-Russian conflict, the implementation of free trade agreements such as EVFTA and CPTPP, and the government's efforts to promote preferential policies are all promoting foreign investment. Statistics from the Foreign Investment Agency (FIA) show that the accumulated foreign investment in the first three months of 2022 was US$4.42 billion, a year-on-year increase of 7.8%. This has encouraged international traders to explore this potential market while reactivating Vietnam's economy in the post-pandemic era. Vietnam's economy is expected to rebound to 7.4% in 2022.
According to statistics from the General Administration of Vietnam Customs, in March 2022, the export value of Vietnam's textile and apparel products reached US$3.05 billion, an increase of 48.3%, the highest growth rate since 2012. The apparel industry is one of the main reasons why international investors have flocked to it in recent years. The continued market boom in the post-pandemic period and the economic recovery of major exporters bode well for the textile industry's prospects.
Following the booming investment wave, the leading platform of the textile and garment industry, the 20th Vietnam International Textile and Garment Industry Exhibition (VTG) will return to gather domestic and foreign chambers of commerce from September 21 to 24 at the Saigon Exhibition and Convention Center (SECC). With strong support, many brands and a more complete industrial chain, will assist professional buyers to visit the exhibits, including a wide variety of machinery and equipment, parts, as well as materials and supplements.
After three years, VTG 2022 - the 20th Vietnam International Textile and Garment Industry Exhibition, VitaTex - Vietnam International Textile and Garment Accessories Exhibition, DYECHEM - Vietnam International Dyeing and Chemical Exhibition will be held from September 21 to An in-person exhibition at the Saigon Exhibition and Convention Centre (SECC) on the 24th, and an online event from September 21st to 27th. Focusing on the unlimited market potential of Vietnam, especially in the textile and apparel industry, VTG brings together the world's leading manufacturers to showcase innovative supaply chains, high-end technologies and future development trends on one platform.
As the world's third largest garment exporter, Vietnam's textile and apparel exports reached US$22.3 billion in the first half of 2022, a year-on-year increase of 17.7%. In addition, FDI (Foraeign Direct Investment) hit a five-year high thanks to the positive investment incentives provided by the Vietnamese government and the signing of several free trade agreements, laying a solid foundation for Vietnam to become a major textile manufacturing and trade center in Asia. and clothing products.
VTG, the most trusted and iconic exhibition in Vietnam's textile and garment industry, will host more than 200 key exhibitors from 15 countries and regions, including the United States, China, Germany, Hong Kong, India, Indonesia, Italy, Japan, etc. South Korea, Singapore, Taiwan, Thailand, Turkey, United Kingdom and Vietnam.
VTG brings together major global brand manufacturers to showcase high-end automation and intelligent whole-plant equipment that conforms to new textile trends, as well as recycled textile materials, fabrics, and environmentally friendly dyes to meet the needs of sustainable development. Well-known exhibitors include garment manufacturing smart factory solution provider-HONAG MA; leading sewing machine brands-JUKI, PEGASUS, Brother, SIRUBA; high-quality embroidery machine supplier-TAJIMA; customized automation solution provider-SUPREME; wide-ranging cutting machine supply manufacturers - COSMA, YYC, WINDA, HANDBOND and BOK; experts in intelligent printing solutions - EPSON, SANSIN; manufacturers of finishing machinery - VAV, Poltek and YILMAK; and suppliers of high-tech hanger systems - INA and YIXU, all Designed to showcase multiple next-generation textile and apparel machinery and innovative applications.
Official supporters Vietnam Cotton Spinning Association (VCOSA) and Ho Chi Minh City Garment-Textile-Embroidery-Knitting Association (AGTEK) will jointly hold a series of seminars covering hot topics such as "Policy Analysis of Vietnam's Textile and Apparel Industry" and Outlook 2040, "RCEP Trends in Vietnam's textile and apparel industry under the influence", "Sustainable development is a journey - Saitex case study", etc. Industry experts are invited to lead the exhibition visitors to gain an in-depth understanding of the latest trends and changes in Vietnam's textile and apparel industry.
VTG 2022 closely follows global industry trends, bringing together unique and advanced textile technology and machinery to meet the expanding needs of the industry. Professional buyers such as textile and garment manufacturers and brand retailers are welcome to visit. Complete the online registration in advance, you can browse the exhibition online and in person, and at the same time witness the booming business opportunities with Vietnam's textile and garment industry!