聚焦纺织品印花产业的商机与未来
2019.05.20-22 广州琶洲保利世贸博览馆

 
Overseas visit | Go deeper into Cambodia printing market to dig out different information
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Overseas visit | Go deeper into Cambodia printing market to dig out different information



Last week, the project team of Vietnam International Printing Expo visited many professional Cambodia printing plants, investigated the printing market condition of Cambodia, so as to build a platform for domestic enterprises and investors, while publicize and organize ASEAN visiting group to the VITPE.

The weather is hot and rainy in October in Cambodia. The project team worked tirelessly to organize VITPE visitors and collect the latest information of the Cambodia printing market.

Cambodia is of good economic growth prospects, but the cost of labor for textile enterprises is rising.

In recent years, Cambodia has been a hot spot for foreign investment, with an increase in attractiveness and competitiveness. The economic growth rate has exceeded 8% in 15 years, and its growth rate ranks sixth in the world and first in Asia. Since July 1, 2016, Cambodia is officially separated from the ranks of least developed countries. According to data released by the International Monetary Fund (IMF) in June 2017, Cambodia is one of the countries with the fastest economic growth in the past 20 years. The national poverty rate fell from 50% in 2005 to 13.5% in 2014.

The ASEAN and China, Japan and Korea Macroeconomic Research Office (AMRO) have recently predicted that Cambodia will achieve an annual growth rate of 7.2% on national economy in 2018. This forecast reflects the good economic situation in Cambodia.







Cambodia is also one of the fastest growing countries in terms of garment in the world. At present, countries around the world, including China, have increased their investment in Cambodia's textile and garment industry year by year, mainly due to the low local labor costs and the preferential treatment granted by the Cambodian government to investors and their trading partners.





However, starting from January 1, 2019, the monthly minimum wage for garment factories and shoemakers in Cambodia will be raised by 7% to US$182. In contrast, another textile industry center, Vietnam, has lower labor costs and its minimum wage is between $118 and $170.

The Cambodian factories have to keep up with the times, increase the production of machinery and equipment, and replace the labor with machines to cope with the rising labor costs.

Printing Industry Conference Promotes the Development of Cambodian Printing Factory

In October last year, in order to co-ordinate the resources of all parties, build a clothing printing technology exchange and supply and demand platform between Cambodia and China, help domestic equipment and materials suppliers to expand business opportunities, and promote Cambodian printing enterprises to improve their technical level and production efficiency, Allallinfo has held the Industry Development Conference. The response of the conference was overwhelming, and the enterprises of China and Cambodia gained a lot.









During the visit, we also heard many factories reflect that they have learned more about the development direction of the textile and garment printing market inspired by Printing Conference, and began to increase printing equipment to adapt to production need. In the past year, some factories have even added dozens of related equipment. Many factories gradually adopted machines instead of manpower, which greatly improves the quality and efficiency of work.









The change is an improvement for the local printing factory in Cambodia and is good news for the exhibitors of the Vietnam Printing Exhibition. The printing exchange meeting has narrowed the distance between China and Cambodia. The project team also said that in order to comply with the requirements of most printing factories, Allallinfo will do more preparation for the Printing Conference next year.






Textile companies keep pace with the times and increase printing equipment

During the visit, the project team found that many people are familiar with Allallinfo, they know that we are the professional platform for printing exhibitions and professional media for printing information. Many factories have said that they visited our printing exhibition in Vietnam in 2017 and purchased materials and equipment on site. It seems that the influence of Allallinfo on overseas has increased.















Many printing factories have indicated that they will gradually increase printing equipment, increase production, increase production efficiency as much as possible, keep pace with the times, and conform to the market development trend.

Especially in recent years, famous fashion and sports brands such as Gap, H&M, Nike, Adidas and Puma have established factories in Cambodia, and agents of these major brands must pass the factory inspection before they can execute orders. Advanced printing equipment is essential for these plants to reduce labor costs, improve efficiency and product quality.












The project team continued to go to the major markets in foreign countries and publicize the 2018 VITPE, making fully preparation for the 2018 Vietnam International Textile Printing Industrial Technology Exhibition to be held at the International Convention and Exhibition Center in Ho Chi Minh City, Vietnam from November 28th to December 1st, 2018.


















As is known to all, Vietnam is now the largest exporter of textile, apparel and footwear manufacturing in Asia. Luthai Textile, Jasan Group, Huafu Sefang, Shenzhou Group, Texhong Group and other companies have increased their investment in Vietnam, Japan and South Korea enterprises have also joined the investment boom. The textile machinery equipment has been upgraded and the import demand is large. Vietnam is now very attracted to many domestic and foreign textile companies.

As a great event abroad, Vietnam International Printing Exhibition will bring you the latest technology, the latest techniques and the latest information in the market. It is a professional display platform for printing equipment and printing materials, and has built a broad platform for product promotion in Southeast Asia market for enterprises in China and other regions. We are optimistic about the market with strong momentum. We are waiting for you at the International Exhibition Center in Ho Chi Minh City, Vietnam!