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Italy’s textile machinery makers eye spoils from Vietnam

05/12/2014
ACIMIT, the Association of Italian Textile Machine Manufacturers, has declared Vietnam as the “market of the future” after a visit to the country to boost orders.

Vietnam will potentially benefit from theTranspacific Partnership (TPP) trade deal, once implemented, and clothing orders are expected to rise substantially.

Over the first six months of 2014, Italy exported €14 million of textile machinery to Vietnam, 159% more than during the same period in 2013.

“Vietnam represents one of the most promising markets for our companies,” said ACIMIT president Raffaella Carabelli. “The local authorities have invested in the textile and garments industry, and are very much aware of the added value that Italian technology can bring to their production. The meetings with local counterparts confirm this.”

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