Economy
CPTPP, UKVFTA to boost UK – Việt Nam trade relations
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| Vietnamese delegates visit a booth at the sixth India International Silk Fair. — VNA/VNS Photo Huy Lê |
Viet Nam News
NEW DELHI — More than 20 Vietnamese businesses are showcasing their products at the sixth India International Silk Fair, which opened in New Delhi on October 16.
The Vietnamese firms in attendance include Việt Nam National Textile and Garment Group (Vinatex), the Investment and Trade Promotion Centre and business representatives from Hà Nội, Tuyên Quang and Lạng Sơn provinces.
The three-day event is an opportunity for Vietnamese garment, textile and interior decoration firms to seek partners, expand their markets and learn about new techniques. The fair gathers 120 leading Indian silk producers and 250 foreign businesses from across the world.
The fair showcases silk garments, fabrics, accessories and carpets, and is expected to feature business meetings, a fashion show and workshops. The organising board expects to welcome about 10,000 visitors during the event.
India is the world’s second largest producer of silk after China and is emerging as a leading exporter.
The Việt Nam Customs statistics show that in the first eight months of 2018, garment and textile trade between Việt Nam and India reached US$799 million, up 35 per cent from the same period last year. Việt Nam’s imports of Indian cotton were valued at $343.8 million, up 46 per cent against the previous year, while the country’s exports of garment and textile products hit $203 million, up 20 per cent. — VNS
