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India & Vietnam explore opportunities to boost textile trade

04 Aug '24
3 min read
India & Vietnam explore opportunities to boost textile trade
Pic: Adobe Stock

Insights

  • During his visit to New Delhi, Vietnamese Prime Minister Pham Minh Chinh aimed to boost bilateral trade with India to $20 billion, up from $14.7 billion in 2022-23.
  • 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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