Vietnam, Taiwan (China) promote cooperation in textile industry

The Vietnam Chamber of Commerce and Industry – Ho Chi Minh City Branch on July 2 collaborated with the Chinese National Federation of Industries to organize the Vietnam – Taiwan Industrial Collaboration Forum to connect leading enterprises in the fields of textile, light industry, automation, smart city and other applications.
Vietnam, Taiwan (China) promote cooperation in textile industry

At the present, textile industry sees the most intimate economic exchange and trade between Taiwan and Vietnam. In this field, trade cooperation between Vietnam and Taiwan always maintains growth and support each other in trade structure.

Vietnam is the largest importer of Taiwanese-made fabric while Taiwan is the second largest territory in importing garment products of Vietnam with import turnover at nearly US$400 million last year.

As the price of functional fabrics of Taiwan is higher than that of those imported from China so export value of products made of Taiwanese functional fabrics will increase, helping Vietnam to hold a key position in global supply chain.

In the near future, the two parties will exchange newest international fashion trend, of which, Taiwan will introduce the highest quality nano-fabric researched and developed by Taiwanese firms to Vietnam, promoting the cooperation between two sides to come into reality. 

Taiwanese enterprises also expressed the desire to accompany Vietnamese ones to provide technical solutions and speed up the development of industrial industries, smart city and especially textile industry.