Indian textile and garment companies of are looking to promote trade
cooperation with Vietnamese enterprises. The country’s textile and
garment materials export turnover to Vietnam in recent years has
increased on an average by 20 per cent a year.
Vietnam is one of the five largest textile and garment exporters in
the world. However, the country is also one of the world’s leading
importers of fabrics and materials. The shortage of high-quality
materials for production is the biggest barrier to Vietnam’s textile and
garment industry, hindering the country from taking advantage of free
trade agreements.Trade promotion programs can help Indian businesses
make deeper inroads into the Vietnamese market. These can also help
Vietnamese businesses seek more material suppliers and learn from
effective production models.
Source: The Economic Times, India Tuesday, 27 March 2018