An essential production hub for the garments manufacturing sector thanks to its low labour costs, Vietnam is currently a major industry supplier for both the European and US markets. An important contingent of Italian machinery and technology exhibitors will be presenting at the upcoming edition of Saigontex, a leading textile machinery trade fair, which opens on 12 April in Ho Chi Minh City.

Among these, 12 will set up their stands in a common exhibition space organised by the Italian Trade Agency, together with ACIMIT, the Association of Italian Textile Machinery Manufacturers.

Italian machinery on display

ACIMIT represents an industrial sector comprising around 300 manufacturers, employing close to 12,000 people and producing machinery for an overall value of about EUR 2.6 billion, with exports amounting to more than 86% of total sales.

The 12 companies, all ACIMIT associated members, are: Brongo, Carù, Cibitex, Ferraro, JK Group, Lgl, Marzoli, Mcs, Mei, Ptmt, Roj and Texma.

Vietnam’s market

In light of the growing importance of Vietnam’s textile and garments industry worldwide, the need for upgrading and technologically modernising production facilities has become a priority for local authorities.

Vietnam now figures as a stable, primary market for global textile machinery manufacturers. For Italy’s textile machinery industry, Vietnam currently ranks among the top ten export markets. Over the first 10 months of 2016, exports to Vietnam amounted to EUR 39 million; a 6% increase compared to the same period for 2015, ACIMIT reports.

The knitting machinery constituted 9% of the total Italian textile machinery exports to Vietnam, whilst spinning machinery, with 37%, was most exported in the first 10 months of 2016.

www.acimit.it