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    Exhibition Of Textile Fabrics And Accessories In Hu Zhiming, Vietnam

    2009/2/11 0:00:00 99

    from

    Vietnam textile industry

    Vietnam textile and Garment Association, Vietnam textile fabrics and accessories

    Exhibition

    Vinatex2009 will be held in Hu Zhiming, Vietnam, in from April 9th to 12th.

    The last exhibition held in April 2008 has a total exhibition area of nearly 20000 square meters, with a net exhibition area of more than 12000 square meters. 395 enterprises from 27 countries and regions have participated in the exhibition. They are Australia, Belgium, Canada, Egypt, France, Germany, the United Kingdom, Greece, India, China, Syria, Italy, Japan, Korea, Malaysia, Singapore, Spain, Thailand, Turkey, the United States and other countries, and the professional spectators from 29 countries are over 15000.

    In 2008, the exhibition area and the number of professional spectators increased by 50% compared with 2007. The exhibitors were very enthusiastic. The exhibition hall and the three additional temporary exhibition halls were full.

    Due to the rapid development of the textile industry, Vietnam has gradually become one of the world's major exporters of garments, and it is expected to achieve a trade volume of 80-90 billion dollars in 2010.

    With Vietnam formally becoming a member of the World Trade Organization (WTO) in January 1, 2007, the Vietnamese government will continue to vigorously develop textile, garment and related industries.

    In Vietnam, because foreign funded or wholly owned garment enterprises can only temporarily supply the 20-30% of domestic high-grade cotton fabric, Vietnam garment industry is committed to increasing exports to the United States, Europe, Japan and other places. The local demand for cloth quality is high, so domestic garment manufacturers are eager to explore and develop a large number of imported cotton materials market.

    Because the price of imported cloth is reasonable and the quality is excellent, Vietnamese producers can temporarily import cloth production and then export them all. The government will refund the tax.

    Imported fabrics, especially high count cotton, are very popular with exporters.

    At present, the average number of fabrics in Vietnam is 40-50, but better cloth or yarn will be imported.

    Although cloth traders can import better yarn to produce their own products, they are deducted from garments exporters.

    Export tax rebate

    The cloth produced in China is still about 20% expensive.

    It can be seen that this is a very good business opportunity for the production of knitting machinery and cotton materials manufacturers.

    Editor: vivi

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