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

Sri Lanka to set up 150 mini apparel units

Apparel/Garments | On 23rd Nov 2017

Sri Lanka to set up 150 mini apparel units

A mini apparel factory was opened recently at Sri Lanka’s Menik Farm...

Japanese stores witness dip in apparel sales in October

Apparel/Garments | On 23rd Nov 2017

Japanese stores witness dip in apparel sales in October

Sales of apparel, both in department stores and in retail chain...

Courtesy: Guess

Apparel/Garments | On 23rd Nov 2017

Guess Q3 2018 revenue up 3%

The net revenue of American clothing brand and retailer Guess for the ...

Interviews View All

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Top executives
Textile industry, India

Such fairs are a must for industry to showcase new innovations

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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

November 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
68.5%
No
12.4%
Skip
19.1%

Total Votes: 89

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
61.8%
No
30.3%
Skip
7.9%

Total Votes: 89

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
86.5%
No
10.1%
Skip
3.4%

Total Votes: 89

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
80.9%
No
9.0%
Skip
10.1%

Total Votes: 89


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