Home / Knowledge / News / Apparel/Garments / Vinatex inks strategic agreement with Marubeni
Vinatex inks strategic agreement with Marubeni
May '11
Recently, on May 10, Vietnam National Textile and Garment Group (Vinatex) inked a Memorandum of Understanding (MoU) on strategic cooperation with Japan's Marubeni Corporation, thus leading the way to strengthen the trade ties between the two nations.

Le Tien Truong, Deputy General Director of Vinatex and Kasuhita Yabe, Head of Garment Department of Marubeni Corporation inked the deal on behalf of their respective organizations.

As stated by Truong, the deal would help Vinatex to deeply penetrate in the Japanese market and necessitate investment cooperation, training and technology transfer for sustainable growth of garment industries of both the countries as well as its partner associations.

Marubeni being a big multifunctional group, would swiftly develop partnerships with member companies of Vinatex and their subsidiaries, to do garment business in Japan, Truong said.

According to the Vinatex figures, with an annual average growth rate of 12 percent, Japan is the third largest importer of garments from Vietnam.

Following the Vietnam-Japan Economic Partnership Agreement which became effective from October 1, 2009, duty on Vietnam's garment exports to Japan has been slashed to zero percent, which has generated a positive trade climate for Vietnamese garment exporters.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 30th May 2017

Russian regions driving forward light industry & fashion

Russian regions, especially Ivanovo and St. Petersburg, are turning...

Courtesy: Dollar Industries

Apparel/Garments | On 30th May 2017

Dollar Industries registers Rs 906 cr turnover in FY17

Hosiery major Dollar Industries Limited registered a turnover of Rs...

Courtesy: Pan Brothers

Apparel/Garments | On 30th May 2017

Pan Brothers to set up 2 new garment factories

PT Pan Brothers Tbk plans to increase its production capacity by...

Interviews View All

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Rajiv Sirohi

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

Smita Murarka

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Steve Cole
Xerium Technologies

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Suresh Patel
Sidwin Fabric

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

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
May 2017

May 2017

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


Browse Our Archives


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