In addition, the sector plays a vital role in stabilizing social protection, creating jobs for a large number of employees with an income two or three times higher than the income from work in the agricultural sector.
In the coming period, the sector faces difficulties when the added value of textile products is low and the country has to depend on the materials and does not meet the requirements of supply chains bringing high value with low production per compared to countries in the region and moderate technological competence.
According to the organizing committee, the expo attracted enterprises from countries and territories with advanced textile industries, including Germany, Greece, China, Taiwan (China), Japan, Republic of Korea, etc. .
Therefore, the exhibition is a chance for local enterprises in different fields of textile production to exchange with foreign partners to seek expanded markets and partnerships and guide investment in the coming times and strive to achieve the export turnover target of 70 billion dollars. in 2030 and create 1.5 million additional jobs for the sector.
The event was organized by the Ministry of Industry and Trade and relevant units.