2009 Exhibition Info

AFF Asia Fashion Federation was established in 2003 with the signing of an agreement between Japan, Korea and China in Tokyo.  The agreement confirmed a cooperative effort between member countries to utilize fashion resources from within Asia as a means of value-added when exporting to the world.

Member countries can only be represented by one organization which has the potential and experience to conduct activities in the field of fashion promotion and development.  Other organizations in AFF are

·     AFF China – China Fashion Designers Association (CFDA)

·     AFF Japan – Japan Fashion Association (JFA)

·     AFF Korea – Korea Fashion Federation (KFA)

·     AFF Singapore – Textile  Fashion Federation Singapore (TAFF)

·     AFF Thailand – Thai Garment Manufacturers Association (TGMA)

·     AFF Vietnam – Vietnam Textile & Apparel Association (VITAS)

Instead of talking about the economic boom of “BRIC”, now people have shifted their focus to “VISA” (Vietnam, Indonesia and South Africa), the fastest growing markets in the world. With an rapid annual growth in GDP, Vietnam has become Asia’s second-fastest-growing economy. Access to the WTO is also providing an important boost to Vietnam's economy, and helping to ensure the continuation of liberalizing reforms that create options to expand international trade, especially in garment and textile industry.
 

Industry Background

BRANDED CLOTHES DEMAND RISING IN VIETNAM
According to the research report “Vietnam Retail Analysis (2008-2012)” from RNCOS, with growing brand awareness, fashion consciousness and rising demand for quality clothes, sales of clothes in Vietnam are projected to grow at a CAGR of around 15% by the end of 2012,”, a new research report from RNCOS.
The report further says that while Vietnam’s domestic garment market is largely export-oriented, local demand for better quality clothing is also keeping pace with rising brand awareness and consumer-oriented society.
Domestic textile/garment industry recorded sales growth at the rate of more than 15% per year, accounting for one fourth of the total production in the country. Popular fashion brands such as Giordano, Mango, D&G, Gucci, Bossini and Valentino have been well accepted by Vietnamese, but genuine label products are still unaffordable for most of the people. Interestingly, Chinese brands like Bossini, Giordano and Mango received good response from people living in big cities owing to their affordable price range.
As Vietnam has recently acquired the WTO membership, growth prospects for its textile/garment industry have boosted as it can increase exports to the US and Europe (the biggest export markets for Vietnam) without any quota limitations. Besides, rise in textile exports will also enable Vietnam to generate more jobs and increase foreign exchange. In the backdrop of these factors, the Vietnamese apparel industry is expected to grow at a CAGR of 9.95% from 2007 to 2011.
 

 Authorities & Associations

VINATEX - The Viet Nam National Textile & Garment Group was established as a merge of all centrally State-owned enterprises in the field of textile and garment. VINATEX plays several different roles as manufacturer, exporter, importer as well as distributor for textile and garment in wholesale and retail basis.  It is to diversify variety of activities ranging from investment, production, supply, consumption to trading according to the Law of Vietnam.

VITAS - Vietnam Textile & Apparel Association is a non-governmental and non-profit organization representing the interests of all textile and apparel enterprises in Vietnam, foreign and domestic with the Government of Vietnam, and international organizations. VITAS key points to promote Vietnamese textile and garment products in the world markets, and advise the Government and other relevant bodies, on its capacity as a representative of the whole industry for a successful integration into the international economy, and act as a bridge between textile - garment enterprises in Vietnam and the outside world.

 Last Update : 2009-12-21