Vietnam's textile and garment industry has experienced rapid growth in recent years, making it a crucial sector within the country's economy. With 2.1 million people directly employed in 2004, accounting for 4.7% of total employment, this industry plays a significant role in job creation. One of the leading enterprises in this sector is Vinatex, a state-owned company responsible for approximately 22% of Vietnamese textile and garment exports in 2006. To enhance production capabilities, Vinatex's affiliate, Viet Tien Garment Company, has invested over US$10 million in the past five years, importing cutting-edge equipment from Japan and Singapore. In 2006 alone, Vietnam exported textiles and garments worth US$5.8 billion, making it the country's second-largest export earner after crude oil. Notably, renowned global textile and apparel companies such as Express, JC Penney, Tommy Hilfiger, and Victoria's Secret have sourced apparel from Vietnam.

The industry's current vibrancy can be attributed to three key developments over the past two decades. Firstly, the introduction of the Doi Moi economic reforms in 1986 allowed market forces to determine resource allocation, providing a boost to the private sector despite the government's communist leanings. Secondly, Vietnam's strategic location within Southeast Asia has enabled it to establish strong trade relationships with neighboring countries and global markets. Lastly, the industry's commitment to continuous improvement and modernization has resulted in the adoption of advanced technologies and production techniques, ensuring high-quality products that meet international standards.

As the textile and garment industry in Vietnam continues to thrive, it presents a promising opportunity for businesses seeking to expand their presence in this dynamic market. Whether you are a manufacturer, supplier, or retailer, participating in VTG Vietnam 2012, concurrent with The 11th Vietnam International Textile & Apparel Accessories Fair, will allow you to connect with key industry players, explore potential partnerships, and showcase your products to a diverse audience. Don't miss out on this chance to be part of Vietnam's flourishing textile and garment industry.