Vietnam, Denmark strengthen garment and textile cooperation

The Danish embassy held a seminar in Hanoi on March 28 to discuss cooperative opportunities between Vietnam and Denmark in the garment and textile sector.

The seminar also aimed to strengthen the trade and investment relationship between the two countries.

Delegates said that garment and textile is one of Vietnam’s key industries. Last year, it earned an export turnover of more than US$11.2 billion, taking the lead in Vietnam’s key export industries and ranking fifth among the world’s major garment and textile exporters. These achievements were attributed to an abundant and highly-skilled labour force, and the large number of good businesses that meet the strict requirements of foreign markets and can supply large orders from major partners.

However, the sector still has to cope with many difficulties such as a large quantity of imported materials and tough competition from other nations such as China, India and Bangladesh.

Deputy Minister of Industry and Trade Tran Tuan Anh said that the government of Vietnam has approved the sector’s investment and development strategy until 2015 with a vision for 2020.

The MoIT also passed a development plan until 2015 and a programme for training human resources for the industry, he said.

Danish ambassador John Nielsen said Denmark will support Vietnam’s garment and textile sector in order to develop a sustainable relationship between the two countries.

Tags: Vietnam Denmark cooperation