The Vietnam-India bilateral trade turnover in the first 11 months of the year reached US$5.15 billion, posting an 8.37 per cent year-on-year increase. The two-way turnover has increased by an average 16 percent each year since 2009, making the two countries became important trade partners.
During Vietnamese Prime Minister Nguyen Tan Dung’s official visit to India in October, the two countries agreed to take measures to promote bilateral trade to reach a turnover target of $7 billion in 2018, and $15 billion by 2020.
The imported items that saw strong growth include cotton ($237.2 million), machines and equipment ($95.5 million) and materials for garments and textiles ($28.5 million).
The key commodities that are expected to significantly contribute to boosting the two-way trade are textiles and garments, pharmaceuticals and agricultural products.
Statistics released by the department of general customs showed that the two countries’ total exports were worth $2.27 billion, an increase of 3.7 per cent over the same period last year. The import turnover posted a 12 per cent increase from the corresponding period last year to reach $2.88 billion.
Portal has launched the Biome Insulated Jacket, a performance-focused outerwear piece created with Italian insulation expert Thermore.
Trivantage, a well-known supplier of fabrics and hardware for the shade industry, has launched a new shade sail fabric from…
Navis TubeTex has announced a new partnership with Icomatex, a respected European company known for its high-quality stenters and textile…
Innovo Fiber has announced an exclusive global distribution partnership with Archroma to widen access to its Fibre52 low-temperature bleaching technology.
Water Technology AB (SWATAB) has integrated Cleanr’s new microplastic filtering technology into its patented chemical-free commercial laundry system.
The Organic Cotton Accelerator has released Türkiye’s first Organic Cotton Training Curriculum, giving farmers practical and locally relevant advice on…