Indian textile and clothing exports to Vietnam grew 48 per cent during the last two years. India’s share in Vietnam’s imports of manmade fiber textile is 3.34 per cent. Of Vietnam’s total textile imports, India has a 2.29 per cent share. So there is significant untapped potential for trade in textiles between the two countries. In the first 10 months of 2018, bilateral trade was up 47 per cent over the same period in 2017, bringing the countries closer to the target of 15 billion dollars in two-way trade in 2020.

India is among major material suppliers of Vietnam’s garment and textile sector. India hopes to be a reliable partner in supplying yarn, fabrics, and machinery at competitive prices. Under the India-Asean FTA most types of yarns, woven and knit fabrics can be imported duty-free from India.

Vietnamese companies have been invited to participate in a buyer seller meet to be organised in Coimbatore, March 17 to 29, 2020. Visitors from 40 countries are expected to participate in the event for sourcing varieties of yarns, fabrics, made-ups, home textiles and technical textiles from India. Buyers from Vietnam will be eligible for full hospitality, including complementary return airfare, accommodation and transport.