A conference, entitled “Textiles: India – Vietnam Cooperation, Partners in Progress”, was held by the Consulate General of India in Ho Chi Minh City on April 11, aiming to boost trade relations between the two countries in textiles.
A view at the conference “Textiles: India – Vietnam Cooperation, Partners in Progress” in Ho Chi Minh City on April 11. (Photo: VNA)
HCM City (VNA) – A conference, entitled“Textiles: India – Vietnam Cooperation, Partners in Progress”, was held by theConsulate General of India in Ho Chi Minh City on April 11, aiming to boosttrade relations between the two countries in textiles.
Addressing the event, Consul General of India K. SrikarReddy said Vietnam’s textile industry has huge potential and more and moreIndian investors are interested in doing business in Vietnam.
Meanwhile, India is a supplier of high-quality materials,fabrics and machinery at competitive prices and is also a market of 1.3 billionpeople, Reddy noted.
The government of India is encouraging investment in thetextile industry by allowing all foreign direct investment (FDI) to enter thesector without government approval, he added.
Truong Van Cam, Vice President of the Vietnam Textile andApparel Association (VITAS), said Vietnam’s textile sector is growing rapidlybut in an unbalanced way as the country has limited domestic supply ofmaterials like cotton.
He warned that if Vietnam does not improve self-supplycapacity, the country will not be able to take full advantage of benefitsbrought by free trade agreements.
According to Cam, Vietnam is in great demand of qualityyarn and fabric at reasonable prices. He expected that with strength intechnology and textile material production, India will provide Vietnam with effectivesupport in this field. Enhanced cooperation between businesses of the twocountries will help both sides offset their limitations and boost productionand expand markets, he said.
During the conference, enterprises from the two sidesshowed their desire to develop links in the sector through accelerating tradepromotion and information exchange.
India runs 176 FDI projects in Vietnam with totalinvestment of 814 million USD, making it Vietnam’s 28th largestinvestor.
Last year, Vietnam exported 31 billion USD worth oftextile and garment products, up 10.23 percent from the same period last yearwhile its imports of textile and garment materials, mostly yarns and fabrics,amounted to 19 billion USD.
India’s textile-garment shipments to Vietnam hit 429million USD in 2017, a year-on-year surge of 44 percent while its imports fromVietnam were estimated at 178 million USD, up 42 percent.
The two countries aim to bring bilateral trade to 15billion USD by 2020.-VNA
Free trade agreements (FTAs) that Vietnam has signed and is going to sign have helped local firms diversity their export markets, according to Chairman of the Vietnam Textile and Apparel Association Vu Duc Giang.
The opening of a national booth of Cuba at Vietnam Expo 2018, to be held in Hanoi from April 11-14, will be a good chance for Vietnamese and Cuban businesses to facilitate their partnership and tap into the economic cooperation potential between the two countries.
The Vietnam Textile and Garment Industry Expo – SaigonTex 2018, the biggest and most influential event of the textile and garment industry of Vietnam, opened in Ho Chi Minh City on April 11.
Green, clean, energy-saving production is urgent to improve competitiveness of Vietnam’s garment-textile enterprises as each year the sector spends up to 3 billion USD on production energy, heard a workshop in Ho Chi Minh City on April 11.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
A view at the conference “Textiles: India – Vietnam Cooperation, Partners in Progress” in Ho Chi Minh City on April 11. (Photo: VNA)
