International News
IIJS Bharat Strengthens Its Engagement With Vietnam’s Jewellery Industry , Aims Larger Buyer Delegation
The Discussions Highlighted Vietnam’s Strong Demand For Gold and Silver Jewellery, With Indian Silver Jewellery Enjoying Particular Preference Among Vietnamese Buyers
IIJS Bharat has strengthened its engagement with Vietnam’s jewellery industry through a series of high-level meetings and market outreach initiatives aimed at attracting leading retailers, manufacturers and trade associations to the show while deepening India-Vietnam trade ties.
A key meeting, facilitated by the Embassy of India in Hanoi, brought together representatives of IIJS Bharat and the Vietnam Gold Traders Association (VGTA). The discussions were attended by Dinh Nho Bang, President, VGTA; Mr. Vu Hung Son, Vice President and Secretary General, VGTA; and Pearl Goyal from the Embassy of India.
One of the major outcomes of the meeting was the proposal to bring an official VGTA delegation to IIJS Bharat. Leading Vietnamese jewellery companies, including Bao Tin Manh Hai and MHJ Jewelry Ltd, have already confirmed their participation.
The discussions highlighted Vietnam’s strong demand for gold and silver jewellery, with Indian silver jewellery enjoying particular preference among Vietnamese buyers. The Vietnamese delegation also expressed interest in India’s advanced diamond cutting and manufacturing capabilities, opening avenues for greater technical collaboration.
Another key development was the interest shown by Bao Tin Manh Hai, one of Vietnam’s leading gold jewellery retail chains. Owned by Mr. Vu Hung Son, who also serves as Vice President of VGTA, the company operates around 100 stores and plans to expand its network to 300 outlets. The company is exploring a joint venture opportunity in India, with further discussions expected during IIJS Bharat.
The meeting also explored opportunities for broader bilateral cooperation, including the possibility of an India Pavilion at Vietnam’s Gold Jewellery Exhibition scheduled for September next year.
Expanding its outreach beyond Vietnam’s major cities, the IIJS Bharat team visited Bac Ninh, home to the Vietnam Gemstone Association (VAG). Meetings with the association’s president and senior officials resulted in a proposal to bring a VAG delegation to IIJS Bharat, which received a positive response. The proposal has since been formally acknowledged by the association.
During the visit, GJEPC representatives also toured a leading gemstone manufacturing facility in the region and personally invited its owner to participate in IIJS Bharat.
The Vietnam campaign concluded with an extensive roadshow across Hanoi and Ho Chi Minh City, where retailers were invited to attend IIJS Bharat and experience India’s jewellery manufacturing capabilities, craftsmanship, product diversity and sourcing opportunities. The outreach reinforced IIJS Bharat’s position as a key global sourcing platform for international buyers seeking reliable partnerships with India’s gem and jewellery industry.
International News
US Holiday Shopping Expected To Top $1 Trillion For The First Time: NRF
While Overall Buying Power Remains High, Ongoing Inflation and Rising Household Costs Mean Some Families Will Have To Watch Their Spending More Carefully Than Others
The National Retail Federation (NRF) predicts Americans will spend $1.01 trillion on holiday shopping in November and December. That is a 4.2% jump from $972 billion last year.
NRF said its forecast was based on economic modeling that incorporates consumer spending, employment, wages and historical retail sales data. It excludes automobile, gasoline and restaurant sales
Extra Hiring: To handle the surge in shoppers, stores plan to hire 325,000 to 375,000 temporary holiday workers.
Mixed Budget Impact: Higher gas prices and inflation could still strain some family budgets, affecting low- and high-income shoppers differently.
Retailers expect a strong shopping season because people continue to make holiday spending a priority.
Store owners are ready to attract shoppers by offering competitive prices, deals, and choices for every budget.
While overall buying power remains high, ongoing inflation and rising household costs mean some families will have to watch their spending more carefully than others.
-
International News20 hours agoUS Holiday Shopping Expected To Top $1 Trillion For The First Time: NRF
-
National News14 hours agoBelgian Consul General H. E. Mr. Pierre Stverlynck Graces BDB Annual Day
-
National News15 hours agoLimelight Lab Grown Diamonds Crosses 100 Stores Milestone This Dussehra: Targets 200 In 2027
-
New Premises16 hours agoJoyalukkas Opens Its 2nd Bengaluru Showroom in Jayanagar

