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INTERNATIONAL BUSINESS PAGES

International Textile Equipment &
Materials 2022 Exhibition in Vietnam

The International Exhibition of Textile & Garment Industry -
Equipment & Materials 2022 was held from Novem 23-25
in Hanoi.

Speaking at the opening ceremony, Deputy Minister Nguy-
en Sinh Nhat Tan emphasized that the Ministry of Industry
and Trade always considers the textile and garment indus-
try an important industry that not only brings in the third
largest export turnover of the country but also contributes
to stabilizing social security. Vietnam's textile and garment
industry currently employs 2.5 million workers, exports more
than 40 billion USD/yr, the average income of workers is
about 3,800 USD/yr. Deputy Minister of Industry and Trade Nguyen Sinh Nhat
Tan speaks
“Although the export turnover is high, the added value of
the industry is low, the source of raw materials is not ac-
tive, and the labor productivity is lower than other coun-
tries in the region and only at a good average level. There-
fore, in the coming time, the industry needs to develop in
depth, join the global supply chain, focus on high-value
stages such as product design, step by step rise to a high-
er level in the supply chain, globally," said the Deputy Min-
ister.
Deputy Minister of Industry and Trade Nguyen Sinh Nhat
Tan said: “The organization of the International Exhibition
of Textile & Garment Industry - Equipment & Raw Materi-
als 2022 creates favorable conditions for domestic and for-
eign textile enterprises to meet, promote brands, open
market wide. This is a textile industry exhibition with high Ribbon cutting to open the International Exhibition of
standards and the largest international event held in Viet- Textile & Garment Industry- Equipment & Materials 2022
nam. After a period of hiatus due to the epidemic, the exhi-
bition returned to gather many large-scale prestigious en-
terprises from countries with developed textile and garment
industries.

“I think this is a good opportunity to help textile enterprises
access advanced equipment, thereby determining invest-
ment directions in the coming time. This is also an oppor-
tunity for businesses to find and promote trade relations
with major partners around the world,” said Deputy Minister
Nguyen Sinh Nhat Tan .
The Deputy Minister also shared: "The Ministry of Industry
and Trade always supports and creates the most favorable
conditions for enterprises and textile industry to develop. I
believe, with the support of the Government and minis-
tries, sectors and textile enterprises. garment industry, by Delegates visit the booth at the exhibition
2030, the textile and garment industry will reach the target difficult. difficult for this year and 2023 goals, but with the
of 70 billion USD in export turnover. industry's efforts, and the information of technology and
raw materials suppliers, it will be a short and long-term
At the ceremony, Mr. Vu Duc Giang - Chairman of Vietnam
solution for the industry.
Textile and Apparel Association also informed: The indus-
try's goal is to reach 42-43 billion USD in 2022. Vietnam's Leaders of the Vietnam Textile and Apparel Association
textile and garment industry is facing great challenges, very also suggested that the Ministry of Industry and Trade con-

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