Belgium is investing in Vietnam’s textile industry.

Vietnam’s participation in free trade agreements has spurred on an increase in foreign investment in the textile industry. Seeing the potential of Vietnam’s textile market, several big foreign shoemakers have been shifting production to Vietnam.

Europlasma is just one of 15 leading Belgian tech firms with textile solutions that have come to Vietnam, in the hope of seeking co-operation opportunities while learning more about the demands of Vietnam’s textile market. As the EU-Vietnam free trade agreement takes effect, businesses from both countries will benefit from this agreement.

Europlasma is presenting its nano-coating solution to Vietnamese textile firms. One of its latest technologies is a solution for durable water repellent treatment for sporting goods. Europlasma has come to Vietnam to introduce its products to local textile and apparel enterprises.

International co-operation is needed to support Vietnam to raise its fabric production capacity to meet trade deal requirements, specifically, the yarn forward rule of origin under the TPP and the fabric forward rule of origin under the EU-Vietnam free trade agreement.

Belgium is the sixth European trade partner of Vietnam. The trade volume is increasing every year. Traded goods are mainly chemicals, machines, iron, textile and shoes, and agricultural products.