Increase opportunities to access new technologies for textile enterprises

The international exhibition of textile, equipment and raw materials industry (Saigon Tex & Saigon Farbic 2019) opened on the morning of April 10, in Ho Chi Minh City. Ho Chi Minh City attracted the participation of 150 exhibitors with more than 1,000 suppliers from 24 countries and territories.

Saigon Tex & Saigon Farbic 2019 showcases the most advanced machinery products, equipment and raw materials for the needs of textile businesses. In addition, there will be many seminars with interesting and useful sharing from domestic and international experts on the changing challenges of the industry, the trend of technological innovation and improving productivity. amount in the textile industry.

Commenting on the development of Vietnam’s textile and garment industry, Mr. Le Tien Truong – General Director of Vietnam Textile and Garment Group (Vinatex) – said that in 2018, textile and garment enterprises reached export turnover levels to over 36 billion USD, due to the strengths of high technical skills, green production criteria, advanced management, and deep ties with traditional customers, etc. However, the world textile market is more and more challenging, as the trade tensions increase, affecting service prices, as well as customer demand. In addition, strong exporting countries also consider Vietnam as a competitor to control. To continue to maintain the growth rate of businesses in 2019 and the near future, the industry needs to innovate with more intelligent methods.

Mr. Truong affirmed, textile enterprises have no other way to own a new “competitive toolkit”, including: focusing on technological innovation, energy saving, greening production, improving Total factor productivity (TFP) through many solutions, including individual labor productivity by automation. In addition, the interest in new technologies, linking businesses together through the system of sharing information, artificial intelligence and big data are also mandatory factors in the competitive roadmap in the coming years.

This is also the reason Saigon Tex & Saigon Farbic 2019 is expected to be a good opportunity for businesses to accumulate for themselves a new “competitive toolkit”.

According to Vu Duc Giang, Chairman of the Vietnam Textile and Apparel Association, this year’s exhibition will help businesses gain more information and opportunities to access the latest production technology to directly invest in raw materials and products. Extreme meet the needs of domestic and international buyers. Vietnam’s textile and apparel export turnover in 2019 is expected to be 40 billion USD and will continue to increase in the coming years if businesses take advantage of the opportunities from the signed trade agreements and efforts to invest in technological innovation.

Productivity and Quality Office