Australian wool producers market products in Vietnam
(VOV) - The Australian Wool Innovation (AWI) is introducing Vietnamese businesses to its wool products to expand its exports in the Southeast Asian nation.
AWI is also building up contact with Vietnamese businesses to transfer their modern wool and yarn processing technology.
The move helps Australia reduce its reliance on the Chinese market as 75% of its wool is exported to China.
AWI general manager Jimmy Jackson revealed AWI is discussing the possibility of establishing a wool weaving factory in Vietnam with three Vietnamese and six foreign companies.