Home / Knowledge / News / Apparel/Garments / Thai garment traders keen to invest in Vietnam's HCM City
Thai garment traders keen to invest in Vietnam's HCM City
Sep '14
Thai garment traders and investment promotion agencies are keenly executing a list of programs to connect their businesses and to help them invest in business opportunities in Ho Chi Minh (HCM) City, the largest city in Vietnam.

Many Thai companies wish to set joint ventures with local companies in HCM City or are looking for Vietnamese importers, according to a vov.vn report.

At a recent meeting for trade between Vietnamese and Thai garment business, held in HCM City, Thai Consul General Malinee Harboonsong said the list of programs to connect Thai garment businesses with their Vietnamese counterparts are part of the preparations for the opportunities that are likely to arise in future, after the establishment of ASEAN Economic Community (AEC) in 2015.

Many Thai apparel businesses have highly appreciated the Vietnamese market’s potential and long-term cooperative opportunities with Vietnamese partners, she added.

Thai companies plan to introduce their prime quality products and services to the distributors and agents to get Vietnamese customers in favor of Thai products, Malinee said.

According to the Ministry of Industry and Trade, the bilateral garment trade turnover reached US$ 160 million in the first half of this year, including $20 million from Vietnam’s exports and $140 million from its imports.

According to the International Relations Department of Vietnam Chamber of Commerce and Industry (VCCI)’s branch in HCM City, Nguyen Van Tuan, the garment businesses from Vietnam and Thailand should find the best ways to bridge the difference in the gap of their export turnover and increase trade exchange for mutual benefits.

He said the bilateral trade between Vietnam and Thailand, which currently stands at $9.5 billion, is expected to increase at 20 percent per annum to reach $15 billion by 2020.

Vietnam is currently the second-largest trading partner of Thailand in the ASEAN region. (GK)

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 21st Oct 2016

China’s garment retail sales grow 7.2% in Jan-Sept ’16

Retail sales of garments, footwear, hats and knitwear of Chinese...

Mike Preston, executive director of the Arkansas Economic Development Commission (AEDC), signing MoU with Tang from Suzhou Tianyuan Garments company. Courtesy: Government of Arkansas

Apparel/Garments | On 21st Oct 2016

Suzhou Tianyuan to open $20 mn garment factory in US

Suzhou Tianyuan Garments company, a Chinese manufacturer of casual...

Textiles | On 21st Oct 2016

Pakistan’s textile exports fall 5.96% y-o-y in Q1 FY17

The value of textile and garment exports made by Pakistan decreased...

Interviews View All

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search