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Vietnam invites Indians to invest in garment industry

More than 70 Indian textile and garment companies are eager to invest in Vietnam’s textile industry. Indian stakeholders have agreed to invest in the production and supply chain of Vietnam’s garment industry. There are many benefits which Indians can get from investing in Vietnam’s industrial growth. These include: more growth, cheap workforce, well developed infrastructure and stable security.

Meanwhile, India has shown interest in credit loans for more contributions in Vietnam. Plans are on to make warehouses in Vietnam which will benefit both. Vietnam is also looking at Indian investors to invest in industrial production, generation and distribution, pharmaceutical research, education and IT.

Vietnam is a leading exporter to the US ahead of Malaysia and Thailand. The country has 20 per cent market share in exports to the US and if the present trend continues, it will gain 30 per cent market share by 2020.