TF News Desk
Denimandjeans, Vietnam 2nd edition held on 7-8th June at most premium venue of the country-Gem center in Ho Chi Minh City. The show was inaugurated on 7th June and many eminent VIP’s including VITAS chairman Mr Vu Duc Giang , Indian Counsel General Ms Smita Pant and dignitaries from VCCI , VIETRADE etc.
With 48 Denim Companies from 11 countries participated in this show including Kilim Denim , Artistic Milliners , Diamond Denim , KG Denim , Phong Phu , Demco Vina , Prosperity Textile , Vita Textile and many more . The list of exhibitors can be accessed. The two day Denim Trade Show completed with fairly good turnout on both days. The exhibitors showcased their AW18 collections to the visitors who travelled miles to visit this show .Most of visitors stressed that the Vietnam exports of apparel will see a tremendous growth due to upcoming FTAs and International Trade Fairs like this is going to be an important part of this growth.
The apparel exports are on a continuous increase over the last 10 years and expected to grow in a big way in the coming years. Denim jeans forms an increasingly important part of this industry with a global market size of over $80 billion. A number of new companies both in denim fabrics and garment sector are coming up in Vietnam in anticipation of increase in demand from both US and Europe. The expected FTA with EU in 2018 is giving further push to this demand.
Vietnam Garment and Footwear Exports
In 2015, total garment only exports from Vietnam estimated at $22.8 billion, of which Japan, US and EU (JUSE) account for $18.3 bllion (80%) :
- Exports to the US represent 49% of Vietnam’s exports.
- EU represent 15% of Vietnam’s garment exports .
- T-shirts, Jackets and Trousers account for 58% of garment exports .
- 2015 Footwear exports were $ 11.9 billion. Exports to the US are 32 %, the EU 29% and Japan 7%.
- Footwear growth is also helped by migration from China. Vietnam offers a high skill / low cost alternative.
A number of important denim companies from Vietnam including Phong Phu, Viet Hong, Tuong Long, Demco , TCE and others have joined this show besides a number of important international suppliers from Europe, Turkey, India, Pakistan, Bangladesh, China, US and other countries. Important global buyers from US ,EU and Japan like VF, Levi’s , GAP, American Eagle, JC Penny, A&F, Lifung, Walmart, Yagi , PVH, Hermes , Target, H&M , Coach , G Star ,S Oliver, Camaieu, Uniqlo, Debenhams,Marks & Spencer visited the show and expressed their satisfaction and found it a very important platform to meet all the denim supply chain partners at one place .
Our Next Denim Destination is INDIA & BANGLADESH . The India Denim Show is scheduled to be held on September 25-26 at The Hotel Lalit Ashok , Bangalore and The Bangladesh Denim Show is scheduled for October 4-5 at Hotel Radisson , Dhaka .