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Vietnam to focus on building link with India to reduce dependence on China

Related Keywords: focus on building bridges, import polyester fabrics, Nguyen Tan Dung, raw yarn and fabrics, source material, Textile, Vietnam Prime Minister, Vietnam textile industry, yarns from India

Vietnamese Prime Minister Nguyen Tan Dung will arrive at Bodh Gaya on October 28 and then a day later travel to Delhi for formal, substantive meetings. Vietnamese PM’s visit will focus on building more bridges with India, so as to sources materials and reduce its dependence on China. The sector specifically that Hanoi is looking at India is textiles.

Vietnam imports most of its raw materials from China, especially for its emerging garment sector. In fact 50 percent of the raw yarn and fabrics are imported from Chinese firms.

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