From Fibre 2 Fashion
There is immense potential for India-Vietnam textile trade, speakers said at a business event organized by the Vietnam Chamber of Commerce and Industry (VCCI), in association with the Indian Embassy in Vietnam, the Indian Business Association in Vietnam, the Ministry of Trade and Industry of Vietnam, and the People’s Committee of Nam Dinh.
Huge potential for India-Vietnam textile trade
The event, held last week in Nam Dinh City, was attended by about 160 businessmen from the two countries, who shared information on opportunities for cooperation between the textile industries of both countries.
At the conference, Do Huu Huy, Deputy Head, Department of Africa and South West Asia, Vietnam’s Ministry of Industry and Trade, said diversification of supplies to the Vietnamese garment industry is essential for sustainable development of the Vietnamese apparel industry, and also to reduce its dependence on a single supplier.
In view of the Trans-Pacific Partnership (TPP) agreement, which is currently being negotiated between 12 nations including Vietnam and the US, Vietnamese clothing industry must meet ‘certificate of origin’ requirements, said Pham Quang Thinh, an official from the VCCI.
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