Vietnam is “one of the most promising” future markets for Italy’s textile machine industry, says ACIMIT, the Association of Italian Textile Machine Manufacturers.

Association president Raffaella Carabelli was speaking after ACIMIT’s recent business mission to the country, which was promoted by Italy’s Ministry of Economic Development and Ministry of Foreign Affairs.

In the first half of 2014, Italy exported EUR14m (US$17.5m) of textile machinery to Vietnam, up 159% on 2013, said ACIMIT.

“Vietnam represents one of the most promising markets of the future for our companies,” said 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 held over the past few days with local counterparts confirm this.”

There was demand for machinery which promised energy savings and environmentally friendly technology, in line with the association’s “Sustainable Technologies” project, Carabelli added.

“The creation of a technology training centre is a concrete possibility, and will provide a further stimulus towards developing business opportunities between Italy and Vietnam in the textile industry,” she said.