Home / Knowledge / News / Textiles / Vietnam expects India to help procure quality yarn, fabric
Vietnam expects India to help procure quality yarn, fabric
13
Apr '18
Courtesy: Consulate General of India, Ho Chi Minh City, Vietnam
Courtesy: Consulate General of India, Ho Chi Minh City, Vietnam
Vietnam’s textile sector is growing rapidly but in an unbalanced manner due to limited domestic supply of raw material like cotton, according to Truong Van Cam, vice president of the Vietnam Textile and Apparel Association (VITAS), who expects India to support his country’s manufacturers procure quality yarn and fabric at reasonable prices.

If supply capacity is not improved, Vietnam cannot take full advantage of benefits of free trade agreements, he cautioned speaking at a recent conference ‘Textiles: India -Vietnam Cooperation, Partners in Progress’ in Ho Chi Minh City organised by the Consulate General of India there.

Consul General K Srikar Reddy said more Indian investors are interested in engaging in business with Vietnam. India runs 176 foreign direct investment (FDI) projects in Vietnam with a total investment of $814 million, making it Vietnam’s 28th largest investor, according to a report in a Vietnamese news portal.

India’s textile-garment shipments to Vietnam hit $429 million in 2017, a year-on-year surge of 44 per cent while its imports from Vietnam were estimated at $178 million, up by 42 per cent. The two countries aim to bring bilateral trade to $15 billion by 2020. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

ITC, ICS tie up to help Moroccan textile value chain

Textiles | On 21st Apr 2018

ITC, ICS tie up to help Moroccan textile value chain

The International Trade Centre (ITC) has partnered with ICS, which...

Bangladesh garment manufacturers call for fair pricing

Apparel/Garments | On 21st Apr 2018

Bangladesh garment manufacturers call for fair pricing

Bangladesh garment manufacturers want a ‘commensurate adjustment’ by...

Pak ministry proposes extension to PM package for 2018-19

Textiles | On 21st Apr 2018

Pak ministry proposes extension to PM package for 2018-19

Pakistani textile ministry has reportedly proposed extending the...

Interviews View All

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Mohammad Hassan
Biax Fiberfilm

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

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Pranav Mishra
Huemn

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


April 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search