Home / Knowledge / News / Textiles / South Korea & Vietnam aim to cooperate in textiles sector
South Korea & Vietnam aim to cooperate in textiles sector
Dec '13
The Ministry of Industry and Trade of Vietnam, with support from the Vietnamese Embassy in Korea and the Vietnam Textile and Apparel Association (VITAS) collaborated with the Korean Textile Association, and organized a seminar in the South Korean capital city of Seoul, in order to promote cooperation between the two countries in the textiles sector.
According to a statement issued by the Vietnamese Ministry of Industry and Trade, the ‘Cooperation in Textiles, South Korea-Vietnam’, was organized in order to promote cooperation between the two nations, especially in the field of textiles dyeing and finishing, as well as attract more Korean businesses to invest in Vietnam's garment industry.
At the seminar, Vietnamese Ambassador to Korea Pham Huu Chi welcomed the initiative stating that the textiles sector of the two countries have a deeper understanding of each other’s markets and hence, the correct decisions could be made in terms of trade and cooperation.
The combination of experience, the level of technology and business capital of South Korea with hard labor, costs and reasonable access to the export markets of Vietnam, would create an amalgamation that would further facilitate the textiles sector of both the countries, which continues to be the driving force of the economic and trade relations between the two nations, he added.
More than 160 textile industry representatives and government officials from both the countries attended the event where presentations were made about mechanisms and policies for development of Vietnam’s textile and garment industry.
Cooperation between the two countries in the textiles sector would certainly develop further trade relations between South Korea and Vietnam. The two countries are also expecting to soon finish negotiating a bilateral free trade agreement, which would also open up opportunities for cooperation in the textiles sector.
According to the General Department of Customs data, from January to October 2013, the exports of apparel and textiles from Vietnam to South Korea increased by a sharp 49.2 percent year-on-year to US$ 1.37 billion.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 24th Jul 2017

Govt extends deadline for GST composition scheme to Aug 16

The Government on India has extended the deadline for small...

L-R: Dhanapal, JMD, Best Corporation; Prabhu Damodaran, Convenor, ITF; Narayanasamy, MD, Micro Cotspin; Senthilnathan, MD Rasitex India; and Sabapathy, MD, Prasanna Spinning Mills

Textiles | On 24th Jul 2017

TN mills seek partnership with cotton growing states

Spinning mills in Tamil Nadu are seeking stronger partnership with...

Textiles | On 24th Jul 2017

Irani terms GST as a ‘great step towards transparency’

Union textiles minister Smriti Irani has termed the Goods and...

Interviews View All

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Kevin Nelson

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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


July 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

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

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

Yes No

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

Yes No

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

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