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Vietnam sees India as alternative raw material supplier

03
Mar '20
Pic: Shutterstock
Pic: Shutterstock
Vietnam expects India to turn an alternative source of raw materials for its textile, garment and other industries following the coronavirus outbreak, according to deputy prime minister Vuong Dinh Hue, who recently addressed a reception in Hanoi hosted for Indian Ambassador to Vietnam Pranay Verma. The two sides discussed the possibility for cooperation.

Hue said Hanoi has been accelerating innovation to improve productivity and support start-ups, and wants to learn from India’s experience in this area. He also expected India to import textiles and garment from Hanoi.

Verma too agreed that the two sides should reinforce ties. He hoped to see more investors from Hanoi and Vietnam opening businesses in India in the future, according to a report in a Vietnamese newspaper.

Fibre2Fashion News Desk (DS)


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