India & Vietnam explore opportunities to boost textile trade
04 Aug '24
3 min read
India & Vietnam explore opportunities to boost textile trade
Insights
During his visit to New Delhi, Vietnamese Prime Minister Pham Minh Chinh aimed to boost bilateral trade with India to $**** billion, up from $***** billion in ****-****.
Both countries, major garment exporters, currently rely heavily on Chinese fabric and yarn imports.
However, they have potential to diversify by increasing trade with each other.
During his visit to New Delhi, Vietnamese Prime Minister Pham Minh Chinh aimed to boost bilateral trade with India to $** billion, up from $**.* billion in ****-**.
Both countries, major garment exporters, currently rely heavily on Chinese fabric and yarn imports.
However, they have potential to diversify by increasing trade with each other.
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