Home / Knowledge / News / Textiles / CII signs MoU with VCCI to boost trade relations

CII signs MoU with VCCI to boost trade relations

Jul '07
The Confederation of Indian Industry (CII) and Vietnam Chamber of Commerce and Industry (VCCI), will collaborate under a Memorandum of Understanding (MoU) to facilitate the strengthen trade and investment between India and Vietnam.

The MoU was signed in Mumbai earlier today by Dr.Vu Tien Loc, Chairman & President of the Vietnam Chamber of Commerce and Industry and Mr. Syamal Gupta, Member, CII National Council & Chairman, Tata International Ltd.

In signing the MoU both parties shall cooperate to further improve and expand trade, investment, technology cooperation and will pursue the establishment of the "Vietnam-India Business Forum" to create a permanent vehicle for the promotion of bilateral cooperation.

As Vietnam has become a new member of the WTO, a favourable environment with great opportunities is being opened up for cooperation between Vietnam and the world particularly the South Asian countries. It also demonstrated Vietnam's commitment towards transformation into a market based economy.

Although Vietnam entered the global economy later than most SE Asian countries, its progress is impressive. Vietnam's economy has grown from US$ 45 Billion in 2004 to US$ 60 Billion in the last year.

Global integration has accelerated with the annual exports now reaching US$ 40 billion and FDI commitments surging to US $ 10 Billion in 2006 – Vietnam has become Asia's second fastest growing economy

Recently adopted laws to unify the regulatory framework for domestic and foreign enterprises and to harmonise rules on trading rights have bolstered the investment climate.

Must ReadView All

Pic: Shutterstock/humphery

Textiles | On 18th Sep 2021

China wants to join CPTPP; Japan to consult members to respond to bid

Chinese commerce minister Wang Wentao recently submitted an...

Pic: Shutterstock

Textiles | On 18th Sep 2021

Eurozone GDP recovers quicker than expected after lockdowns: EU report

The eurozone economy recovered more rapidly than considered earlier...

Pic: Shutterstock

Apparel/Garments | On 18th Sep 2021

BGMEA urges Canadian buyers to source apparel from Bangladesh

Bangladesh Garment Manufacturers and Exporters Association (BGMEA)...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Multi-functional garments will be next big thing

Textile Industry, Head Honchos

Textile Industry
Head Honchos

Increase foreign exchange and create jobs

Florian Heubrandner, Lenzing AG

Florian Heubrandner
Lenzing AG

Sustainable and eco-friendly fibres remain in the minority

Chini Chouhan,

Chini Chouhan

Founded by Chini Chouhan, her eponymous brand specialises in women's...

Andrea Pelissero,

Andrea Pelissero

Located near Milan, Italy, and with 50 years of experience in the textile...

Aashumi Mahajan,

Aashumi Mahajan

The Luxe Maison is a premiere haute couture e-boutique established after...

Sameer Sonkusale & Rachel Owyeung, Tufts University

Sameer Sonkusale & Rachel Owyeung
Tufts University

A team at the Tufts University in Massachusetts was recently in news for...

Suresh Patel, Non Woven Federation of India

Suresh Patel
Non Woven Federation of India

The Non Woven Federation of India (NWFI), representing the regional...

Daniel Kaye, RocketLife

Daniel Kaye

<div>RocketLife, an award-winning developer of breakthrough visual...

Reynu Taandon, Label Reynu Taandon + Nikhita

Reynu Taandon
Label Reynu Taandon + Nikhita

Renowned womenswear designer <b>Reynu Taandon </b>has been serving the...

Abhishek Agarwal, Purple Style Labs

Abhishek Agarwal
Purple Style Labs

Late Indian fashion designer Wendell Rodricks, is known for his...

Gaurang Shah, Label Gaurang Shah

Gaurang Shah
Label Gaurang Shah

Hyderabad based designer <b>Gaurang Shah</b>, has been traversing the...

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


Leave your Comments

September 2021

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

Advanced Search