Vietnam Textile and Clothing Fair SAIGONTEX is the largest and most influential textile and clothing industry event in Vietnam since the 1990s. It continues to provide high-quality professional buyers for exhibitors. Vietnam's textile and garment industry continues to flourish. In recent years, Vietnam has actively signed a number of bilateral and regional free trade agreements, bringing new opportunities to various industries. Textile and clothing industry is one of the pillars of Vietnam's economy and has great potential for development.

market analysis

According to the statistics of Vietnam Textile Association (VITAS), in 2017, despite the negative impact of the market, textile and garment export activities still achieved positive results, reaching the expected target of $31 billion. The total export volume of textile and apparel products in the first quarter of 2018 is estimated to be 7.62 billion US dollars, up 13.35% from the same period last year, equivalent to 22.4% of this year's target. Vietnam's export of clothing and textiles valued at $34-3.45 billion in 2018 is within reach. Its main export markets include the United States, members of the Comprehensive Agreement on the Trans-Pacific Partnership (CPTPP), the European Union, South Korea, China and ASEAN. Vietnam now has about 4,000 garment and textile companies, including 650 foreign-funded enterprises. Among them, 70% are engaged in garment weaving, only 6% in yarn production, 17% in fabric production and 4% in dyeing and printing plants. There is a huge gap in textile production and dyeing industry, which brings opportunities for foreign exporters and investors.