Vietnam in top 10 markets for Italian machinery
An essential production hub for the garments manufacturing sector thanks to its low labour costs, Vietnam is currently a major industry supplier for both the European and US markets. In light of the growing importance of Vietnam’s textile and garments industry worldwide, the need for upgrading and technologically modernising production facilities has become a priority for local authorities
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Vietnam now figures as a stable, primary market for global textile machinery manufacturers. For Italy’s textile machinery industry, Vietnam currently ranks among the top ten export markets. Over the first 10 months of 2016, exports to Vietnam amounted to 39 million euros; a 6 per cent increase compared to the same period for 2015.