Deal to help VN textile companies go global

May 26th at 09:59
26-05-2016 09:59:43+07:00

Deal to help VN textile companies go global

TUV SUD, one of the world's leading service providers in testing, inspection, audit and certification on May 25 signed a memorandum of understanding with the HCM City Association of Garment Textile Embroidery and Knitting (AGTEK) to help its members access global markets.

 

Under the MOU, the two sides will co-organise quality and safety workshops and awareness programmes related to the textile and garment industry, Sathish Kumar Somuraj, general director of TUV SUD Vietnam, said.

The in-house training sessions would aim to provide local manufacturers an updated and more in-depth understanding of stringent international quality and safety standards, he said.

Pham Xuan Hong, AGTEK chairman, said Viet Nam has improved its business opportunities by signing free trade agreements with some key global players like the EU, US, Japan, Korea, and ASEAN, he said.

While these agreements would bring global market access to Vietnamese businesses, it also means that Vietnamese manufacturers have to comply with more stringent quality and safety regulations, he said.

"International government safety and quality regulations on textile and garment products are changing constantly, especially in today's free trade business landscape.

"Global buyers, especially those in Europe and the US, are increasingly demanding with respect to the kind and quality of products they want."

Somuraj said quality and safety control are essential for companies in Viet Nam, especially those looking to take their products to international markets.

The MOU also includes a special promotion for the association's members, who are mainly small and medium-d enterprises for whom cost is a concern, he said.

The agreement is expected to immensely benefit member companies and take their business to the next level, he added.

bizhub



NEWS SAME CATEGORY

Vinamilk inaugurates dairy factory in Phnom Penh

Viet Nam Dairy Products Joint Stock Company, or Vinamilk, inaugurated its Angkor dairy product processing factory in Phnom Penh, Cambodia, on May 25.

Japanese investor plans restaurant centre in Da Nang

Chedi Trading Company from Japan plans to invest in an international restaurant centre project and an organic vegetable farm in the central city's Cam Le district.

CPI up 0.54% in May over April

The consumer price index (CPI) in May rose 0.54 per cent over the last month, the General Statistics Office (GSO) reported yesterday.

HCM City leader welcomes US business and investors

HCM City committed to create all possible business conditions for US firms as well as international investors for the benefit of both enterprises and the city.

Three Vietnamese firms join Samsung supply chain

Three Vietnamese suppliers have qualified to join the production supply chain of the Vietnamese arm of South Korean electronics giant Samsung.

Obama visit will attract more US investors

The US President Obama's three-day visit to Viet Nam will boost trade and investment co-operation between the two countries. US investors have been paying...

Franchisers flock to Vietnam to establish foreign brands

Franchising has grown into a prevailing investment channel with strong adaptability and a bright growth prospect in Vietnam.

Vietnamese, US businessmen meet in Ha Noi, talk about TPP

Vietnamese and US entrepreneurs met in Ha Noi on May 23 to discuss the Trans-Pacific Partnership (TPP).

Scandals shake up drinks sector

The beverage market has seen significant upheavals recently as big players like Number 1 Group and Suntory PepsiCo face scandals over their production quality. The...

Rentokil Initial boosts Vietnam brand

The trade pacts that Vietnam has joined recently, and the rising income in the country have had a positive impact on the hygiene, pest control, and premium scenting...


MOST READ


Back To Top