Society

Vietnam, RoK strengthen textile cooperation

The Vietnam Textile and Apparel Association (VITAS) and the Korea Federation of Textile Industries (KOFOTI) have signed a memorandum of understanding (MoU) to strengthen bilateral cooperation, KOFOTI announced on August 24.
Vietnam, RoK strengthen textile cooperation ảnh 1Bac Giang LGG Garment Corporation's worker make clothes for export to RoK. (Photo: VNA) 

Seoul (VNA) – The Vietnam Textile and Apparel Association (VITAS) and the Korea Federation of TextileIndustries (KOFOTI) have signed a memorandum of understanding (MoU) tostrengthen bilateral cooperation,KOFOTI announced on August 24.

The signing ceremony took place within the framework of the textile exhibition “Preview in Seoul 2023” held inSeoul from August 23-25.

Speaking at the ceremony,KOFOTI chairman Choi Byung-oh said that RoK and Vietnam have been reliablepartners in textile production, processing, and export for the past 30 years.

With the MoU signing, theKorean side hopes that the strategic partnership in the textile and fashionindustries of the two countries will be strengthened, especially on issues ofsustainable development, digital transformation, and supply chains.

A KOFOTI official also saidVietnam's high economic growth rate and young people's interest in the Koreanculture are constantly increasing, adding the MoU is expected to helpKorean businesses penetrate deeply into the Vietnamese market.

VITAS President Vu Duc Giangalso said that VITAS and KOFOIT will expand the exchanges of information and innovation technology, promote cooperation to take advantage ofthe free trade agreements, and attract investment./.

VNA
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