Laying the foundation for substantive and sustainable development of bilateral textile and garment cooperation.
The Vietnam Trade Office in India convened an online seminar on May 23, 2025. This seminal event was all about growing “Vietnam–India Cooperation in the Textile and Garment (T&A) Industry,” which was very well received, drawing a reasonably good response from the valuable participants featuring businesses, industry trade bodies/associations, and subject matter/trade experts from both countries, laying a solid foundation for a secure future.
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It is imperative to mention here that this timely initiative was second in a series of trade promotion efforts in the direction of implementing strategic directions thoughtfully set by H'ble Prime Minister Pham Minh Chinh and the Ministry of Industry and Trade.
The exercise was a measured focus on diversifying export markets amid global trade tensions, addressing operational challenges for businesses, and meaningfully advancing bilateral trade and augmenting investment, with a shared target/ambition of achieving USD 20 billion in trade turnover underpinning the trade potential.
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Opening the crucial event, Bui Trung Thuong, Commercial Counselor, underscored Vietnam’s robust position as a global textile exporter (Vietnam is currently the third-largest textile exporter), with 2024 export revenue reaching USD 43.57 billion. He was categorical, stating the country’s heavy reliance on raw materials—60% or thereabouts sourced from China—and acknowledged India’s comparative/relative strengths in cotton, yarn, and textile machinery as things stand today.
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He drew the fact that deeper cooperation, more specifically under the ASEAN-India Free Trade Agreement (FTA), facilitates Vietnam cutting input/raw material costs and helps diversify/reduce supply chain risks in the realigned global supply chains.
Addressing this occasion, Truong Van Cam of VITAS and Rakesh Mehra of CITI underpinned the growing role of sustainable technology-driven collaboration and the win-win synergies that can play in both associations.
Ms. Chandrima Chatterjee, the Secretary General of the Confederation of Indian Textile Industry (CITI), too made an impressive intervention during the event.
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Also present was Rajesh Bhagat, Chairman of Worldex India, who was quick to propose pleading that businesses of both nations enhance their visibility/presence at relevant fairs to fill in gap lines, facilitate boost contract signing and crystalize collaborations/partnerships to build direct bridges in the fields of machinery, technology and supply chain at large.
The event recognized the crucial need for building a trust-based, resilient, future-ready, low-hanging, textile-lasting partnership between the two nations on shared values and pooled resources.