Bangladesh and Vietnam have the opportunity to complement each other for the development of the apparel industry and reap mutual trade benefits.
The optimism was expressed when the Ambassador of Vietnam to Bangladesh, H. E. Pham Viet Chien, called on BGMEA Faruque Hassan at BGMEA Complex at Uttara in Dhaka on January 16 and had discussions about various issues pertaining to the apparel industry of both countries.
They discussed the present market situation, global trends and opportunities while sharing how both countries were addressing their own challenges.
They also had discussions about possible avenues of working together to unlock mutual trade potential through meaningful collaboration and seize the opportunities that lie ahead.
They laid emphasis on the exchange of experience and expertise in the apparel industry of Bangladesh and Vietnam.
BGMEA President Faruque Hassan said Bangladesh was strongly focusing on diversifying from low-price basic apparel items to high-end products, especially manmade fiber-based garments and Vietnam had vast experience in this segment and could share their expertise.
On the other hand, Bangladesh made exemplary strides in the areas of workplace safety and environmental sustainability that could be shared with Vietnam, he said.
They also expressed interest in facilitating sharing of knowledge and expertise in the apparel and textile industry through collaboration between BGMEA University of Fashion and Technology (BUFT) and Vietnamese apparel trade associations’ fashion institutes.
Interactions between designers and technical experts through the exchange of faculties and students would help to develop knowledge and skills and benefit both countries, they said.