Danish textile & garment business delegation comes to Vietnam

28 Mar '11

2 min read

A Danish textile and garment business delegation of 19 Danish companies comes to Vietnam to explore business opportunities from 28th March to 2nd April 2011. More than 200 visits and meetings with local Vietnamese companies have been arranged.

From March 28th to April 2nd the Embassy of Denmark sponsors a visit to Vietnam for a delegation of 19 Danish companies within the Textile and Garment Sector. The objective of the visit is to explore the business opportunities in Vietnam, to establish Danish and Vietnamese commercial partnerships, and to transfer know-how and technology to Vietnam.

On the 28th of March, a seminar on “Vietnam – Denmark Partnership in the Textile and Garment Industry” will be hosted in Hanoi at the Melia Hotel. The seminar will focus on business opportunities for Danish and Vietnamese companies and exchange ideas concerning the development of the sector in both countries.

Opening speeches of the seminar will be held by the Danish Ambassador to Vietnam, Mr. John Nielsen and the Vice Minister of Trade and Industry.

Mrs. Dang Phuong Dung, Vice Chairwoman and General Secretary of Vietnam Textile & Apparel Association (VITAS) will present the status of Vietnam's textile and garment industry – opportunities and challenges.

Following the seminar, a TechChange will be held at the Melia Hotel for the Vietnamese and Danish companies. Subsequently, approximately 250 individual meetings will be organized for the Danish companies with potential Vietnamese partners in and around Hanoi and HCMC.

Textile and garment is the largest export commodity of Vietnam and Vietnam is in the top five of the world's largest textile and garment exporters. The sector has experienced rapid development and growth in the recent decade e.g. from 2009 – 2010 the exports grew 23%. Furthermore currently Vietnam is regionally gaining a competitive advantage within this sector.

However, in order for the growth of this sector to be more sustainable, productivity needs to be increased. Danish companies can provide valuable knowledge and experience within production of high-tech fabrics and garment and are leading within design and innovation. Furthermore, most Danish companies are experienced in working together with Asian partners.

Finally, partnerships with Danish companies may serve as a gateway to other European markets for Vietnamese companies. Factors such as low labour cost, high domestic demand and a low level of technology of Vietnamese enterprises provides a favourable ground for a mutually beneficial cooperation and good possibilities for investing in the sector.

Ministry of Foreign Affairs of Denmark

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