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.