ITALY MEETS VIETNAM - Textile Connections
Andrea Galante, CEO di Madex Srl, racconta le potenzialità nel lavorare in Vietnam
On June 27, the Cassa Depositi e Prestiti (CDP) in collaboration with the Italian Chamber of Commerce in Vietnam (ICHAM) organized the webinar "ITALY MEETS VIETNAM: Connecting Textiles" under the patronage of the Italian Embassy in Viet Nam. The event occurred at Casa Italia - Italian Cultural and Brand Center in Hanoi - and was broadcast online on the CDP Business Matching platform, gathering over 100 Vietnamese and Italian businesses.
Bilateral Cooperation in the Textile Sector Between Italy and Vietnam: Challenges and Opportunities
The Italian textile industry stands out with advanced technology, while Vietnam has labor resources and cost advantages. Italian Ambassador Marco Della Seta and many speakers emphasized the importance of bilateral cooperation, with textile and garment trade turnover reaching hundreds of millions of dollars in 2023. However, Vietnamese businesses face many challenges in business culture and international standards, especially regarding sustainable development. Representatives also shared about cooperation initiatives, technology transfer and improving sustainable production capacity between the two countries, successful projects, and the potential for developing the textile and garment industry in Vietnam.
“We would like to express our sincerest thanks to the speakers, guests, organizations, press agencies, and more than 100 Vietnamese and Italian businesses who supported and participated in the program.” stated the ICHAM officials. They further emphasized: “We hope this event will continue to promote trading and strengthen business connections between the two countries.”
ITALY MEETS VIETNAM: Connecting Textiles – Andrea Galante explains how Madex aims to strengthen its presence in Asia through strategic investments in Vietnam
During the event 'ITALY MEETS VIETNAM: Connecting Textiles,' Andrea Galante, CEO of Madex SRL, highlighted the key milestones and strategic decisions that have strengthened the company's presence in Asia. Under the leadership of Andrea Galante and Filippo Pierangelo, Madex Italia has expanded internationally, establishing offices in Vietnam and South Korea.
Madex is the only one Italian company owning a garment manufacturing factory in Vietnam. We have been working in Vietnam since the early year 2000. After quota expired on 2003 and on 2004 the USA government removed all restrictions about the «Made in Vietnam», having business in Vietnam became easier. Nel 2008, Madex ha spostato completamente il proprio focus dalle produzioni in Cina e Indonesia al Vietnam. Il percorso dell'azienda in Vietnam è iniziato nei primi anni 2000. Con la scadenza delle quote nel 2003 e la rimozione di tutte le restrizioni sul "Made in Vietnam" da parte del governo degli Stati Uniti nel 2004, fare affari in Vietnam è diventato molto più semplice. We have been working in Vietnam since the early year 2000. After quota expired on 2003 and on 2004 the USA government removed all restrictions about the «Made in Vietnam», having business in Vietnam became easier.
For several years we operated as trading company subcontracting all our productions. On 2020 we decided to open our own development office, Madex Vietnam. On 2021 we established our own factory, Vita Fashion.
Why Madex have choosen Vietnam?
Galante outlined several reasons for choosing Vietnam as their primary production hub:
- Stable country governance
- Easy customs procedures for temporary importation of raw materials for the purpose of processing
- Free trade agreements with EU and others countries
- Transparent & reliable supply chain (factories, service providers, suppliers)
- Skilled employees with wide and qualified technical knowledge on garment manufacturing
- Highly qualificated & flexible workforce with high productivity performance
- QProduct’s quality comparable with European countries products
Madex's strategic investments in Vietnam have not only enhanced their production capabilities but have also solidified their position as a key player in the global garment industry.
