Russian fair offers opportunities for Vietnamese garment, textile products

Eight Vietnamese garment and textile firms are joining more than 2,000 foreign peers at the 53rd Federal Wholesale Fair of Goods and Equipment for Textile and Consumer Goods Industries (Textillegprom 2019) which is taking place at the All-Russian Exhibition Centre on September 17-20.

russian fair offers opportunities for vietnamese garment, textile products hinh 0
At the Textillegprom 2019

Vietnamese booths, which are showcasing jackets, jean clothes and sleepwear, attracted many Russian entrepreneurs who came to seek cooperative opportunities on the opening day.

According to Vice Chairman of the Vietnam Textile and Apparel Association (VITAS) Truong Van Cam, this is the third time Vietnamese firms have attended the fair, and it has helped the enterprises get access to potential markets and customers.

Trade promotion programmes have brought back efficiency as many garment and textile firms have secured contracts to export their products through similar fairs, he said, expressing his hope Vietnamese firms will be successful at the Textillegprom 2019.

Responding to Vietnam News Agency’s correspondent, Trade Counsellor of Vietnam in Russia Duong Hoang Minh affirmed the country’s shipments to Russia have enjoyed robust growth since the free trade deal between Vietnam and the Eurasian Economic Union (EAEU), of which Russia is an important signatory, came into force in 2016.

Particularly, export revenue of garment and textile rose 7 percent year-on-year to 179.9 million USD last year. In the first seven months of this year, the value reached 154.2 million USD, surging 60 percent year on year.

Minh stressed Vietnam gained some 180 million USD from garment and textile shipments to Russia, accounting for only 3 percent of the latter’s import revenue. Therefore, Vietnamese firms need to study Russian market and seek customers.

Textillegprom is the biggest exhibition of goods and equipment for textile and consumer goods industries Russia and the Commonwealth of Independent States (CIS). This year’s event is expected to welcome over 37,000 visitors, who are whole sale buyers and industry experts, and features research and training conferences, workshops and roundtable discussion.
After attending the Textillegprom 2019, the Vietnamese firms will continue to look for partners in Moskva and St.Peterburg until September 25.