Home / Knowledge / News / Textiles / South Korea & Vietnam aim to cooperate in textiles sector
South Korea & Vietnam aim to cooperate in textiles sector
14
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

Union Minister for finance Arun Jaitley chairing the 25th GST Council meeting, flanked by minister of state for finance Shiv Pratap Shukla (right) and finance secretary Dr Hasmukh Adhia. Courtesy: PIB

Textiles | On 20th Jan 2018

GST rate on velvet fabric reduced to 5%

The 25th Goods and Services Tax (GST) Council meeting, held under the ...

RIL petrochemicals’ revenue grows 47.6% in Q3 FY18

Textiles | On 20th Jan 2018

RIL petrochemicals’ revenue grows 47.6% in Q3 FY18

The revenue from the petrochemicals segment at Reliance Industries...

Courtesy: Cotton USA

Textiles | On 20th Jan 2018

US cotton bodies pledge to support CCI activities

Ten US cotton organisations have pledged industry contributions in...

Interviews View All

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Harmeet Singh

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

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Suresh Patel
Sidwin Fabric

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Karan Arora
Karan Arora

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

Robert Brunner
Devereux

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

Silvia Venturini Fendi
Fendi s.r.l

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

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

January 2018

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
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

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
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

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
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

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
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


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