Home / Knowledge / News / Apparel/Garments / VITAS signs MoU with CBI for promotion of garment exports
VITAS signs MoU with CBI for promotion of garment exports
14
May '13
The Vietnam textile and apparel association (VITAS) has signed a Memorandum of Understanding (MoU) with Center for the Promotion of Imports from developing countries (CBI), an agency of the Netherlands Ministry of Foreign Affairs which supports the clothing manufacturers and producers of developing countries to expand their exports in the EU, for expansion of their garment exports.
 
Speaking to fibre2fashion, vice chairwoman of VITAS, Ms. Dung Dang said, “We have signed a MoU with CBI for cooperation in connecting apparel exporters of Vietnam with new market linkages and to improve their export turnover.”
 
The Vietnam garment manufacturers use two methods of production - Cut, Measure and Thread (CMT) and Free on Board (FOB). The garment production under CMT arrangement involves only the labor intensive assembly processes of cutting, sewing (make) and trimming and the input materials including textiles and accessories are supplied to garment manufacturers by buyers. On the other hand, In FOB arrangement, the clothing suppliers receive payment for the full price of the garment exported and not just for the assembly part or CMT of the production process.
 
Ms. Dang informs, “The MoU with CBI will help in improving access to high quality fabrics and accessories for small and medium enterprises (SMEs) and it will also help in improving access to services for FOB production for apparel manufacturers.” 
 
According to Mr. Koos Van Eyk, manager of CBI – Vietnam, the EU garment buyers are greatly interested in sourcing from Vietnam as an alternative to China. “Our focus is all having Vietnam add more value, i.e. move from CMT to FOB exporting,” he adds.
 
Talking about the other developing countries CBI is focusing on, he says, “We are working in Colombia, Bolivia, Peru and Pakistan. We are also planning on developing a program in Bangladesh.”
 

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 19th Sep 2017

Karl Mayer expands service operations in Asia

Karl Mayer, a world leader in the production of warp knitting and...

Textiles | On 19th Sep 2017

Welspun bags Made in Green label by Oeko-Tex

Welspun, a leading home textiles manufacturer, has been awarded Made...

Courtesy: SGS

Textiles | On 19th Sep 2017

SGS expands testing facilities in Naucalpan, Mexico

SGS has expanded testing facilities in Naucalpan, Mexico, creating a...

Interviews View All

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search