The Korea Federation of Textile Industries (KOFOTI) and the Vietnam Textile and Apparel Association (VITAS) have signed a memorandum of understanding (MoU) to strengthen bilateral cooperation in the textile and garment industry. The partnership will focus on sustainable development, digital transformation, and supply chain enhancement.
The MoU was signed at the 'Preview in Seoul 2023' textile exhibition in Seoul. The event provided a platform for industry stakeholders to come together and discuss strategies for the future.
One of the key goals of the partnership is to facilitate the expansion of South Korean textile and garment businesses into the Vietnamese market. The cooperation between KOFOTI and VITAS is expected to provide valuable insights, networking opportunities, and a better understanding of the local market dynamics.
The MoU also aims to foster innovation and improve sustainability practices in the textile and garment industry. By pooling their resources and expertise, the two organizations intend to develop new technologies and solutions that can help the industry meet the challenges of the 21st century.
The signing of the MoU is a significant milestone in the development of the textile and garment industry in South Korea and Vietnam. The partnership is expected to create new opportunities for businesses and workers in both countries, and help the industry to thrive in the years to come.
