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India-Vietnam Boost Textile Ties Amid Global Supply Chain Shifts

A senior Vietnamese trade official has highlighted significant opportunities for India and Vietnam to deepen cooperation, particularly in the textile sector and investment. Bui Trung Thuong praised the craftsmanship and product quality from regions like Telangana, noting similarities with Vietnam. He emphasized that ongoing geopolitical tensions in West Asia are impacting global supply chains, making closer collaboration between the two nations more vital, including in energy security. Bilateral trade between India and Vietnam reached $15.76 billion in the 2024-25 fiscal year, showing steady growth in their economic partnership.

Key Points: India & Vietnam Deepen Textile, Investment Cooperation

  • Strong bilateral trade growth
  • Telangana's high-quality craftsmanship
  • Geopolitical tensions impact supply chains
  • Collaboration crucial for energy security
2 min read

India, Vietnam have strong opportunities in textile, investment cooperation amid global challenges: Vietnamese trade official

Senior Vietnamese official highlights strong opportunities for India-Vietnam collaboration in textiles and investment, especially from Telangana, amid global challenges.

"We found that there are huge opportunities between India and Vietnam... for cooperation... especially in the textile industry. - Bui Trung Thuong"

Hyderabad, April 3

India and Vietnam have significant opportunities to deepen cooperation in investment and the textile sector, a senior Vietnamese trade official said, highlighting the growing economic ties between the two countries.

Bui Trung Thuong, Trade Counsellor and Head of Trade Office at the Embassy of Vietnam, told ANI that both nations, particularly regions like Telangana, offer strong potential for business collaboration.

"We found that there are huge opportunities between India and Vietnam, particularly in Telangana, for cooperation in terms of business and investment, especially in the textile industry," he said.

Thuong added that he was impressed by the craftsmanship and product quality showcased in Telangana. "I was very impressed with the craftsmen from Telangana. It's really high quality, and we found similarities with Vietnam," he noted.

He also pointed out that ongoing geopolitical tensions, particularly in West Asia, are impacting global supply chains, making closer cooperation between countries like India and Vietnam more important.

"Regarding the recent turbulence and war in the Middle East, it really impacts the global value chain. So I think both India and Vietnam should work more closely together, not only in textiles but also in energy. Energy security is very important," he said.

India and Vietnam share longstanding trade and economic relations, which have grown steadily over the years.

According to government data, bilateral trade between the two countries reached USD 15.76 billion during April 2024 to March 2025, marking a 6.40 per cent increase year-on-year.

India's exports to Vietnam stood at USD 5.43 billion, while imports from Vietnam were higher at USD 10.33 billion during the same period.

Vietnam is currently India's 20th largest trading partner and the 15th largest export destination globally. At the same time, India ranks as Vietnam's 8th largest trading partner, the 7th largest export market and the 10th largest import source.

Key exports from India to Vietnam include frozen bovine meat, fishery products, machinery and equipment, electrical equipment, auto components, pharmaceuticals and APIs, chemicals, ordinary metals, cereals, cotton, animal fodder and gems and jewellery.

On the other hand, major imports from Vietnam to India include electronic and telecom equipment, machinery, iron and steel, chemicals, plastic products, steel products, footwear, garments, textile materials, wood, rubber and coffee.

The official also expressed hope that the ongoing global tensions would ease soon, restoring normalcy and supporting smoother trade flows.

- ANI

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Reader Comments

P
Priya S
The trade numbers are interesting. Our imports from Vietnam are almost double our exports. We need to focus on increasing our export basket beyond traditional items. Maybe more tech and pharmaceutical collaborations?
R
Rohit P
Telangana's quality getting recognition is great for our weavers and artisans. This kind of partnership can provide a huge market for handloom products from places like Pochampally. A win-win for both countries.
S
Sarah B
As someone working in the apparel sector, I see this as very practical. Vietnam has strong manufacturing, India has raw materials like cotton and design expertise. Combining these can create a powerhouse that competes with China. The energy security point is also crucial.
V
Vikram M
While the intent is good, we must ensure our domestic MSMEs are protected and empowered in such partnerships. Sometimes, these agreements only benefit large corporations. The government should create a framework that supports our small-scale textile units to participate and grow.
K
Karthik V
More than textiles, the focus should be on electronics and telecom equipment where Vietnam is strong. We import a lot from them in this sector. Why can't we set up manufacturing plants here with Vietnamese tech? That would create jobs and reduce our import bill.

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

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