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More European firms look to Vietnam and India: SCMP

According to two recent surveys, more foreign firms have begun or are contemplating shifting a section of their business from China to neighboring nations such as Vietnam and India, SCMP reported.

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Textile and footwear exports reach a new record of $71 billion in 2022

Textile, garment, and footwear had remarkable export turnovers of $44 billion and $27 billion, respectively, according to Vietnam Textile and Apparel Association (Vitas) and Vietnam Leather, Footwear and Handbag Association (Lefaso).

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Vietnam-India bilateral trade set a new record of $15 billion

The overall trade value between Vietnam and India reach $15.05 billion in 2022, up 13.6% from 2021, according to the General Department of Vietnam Customs.