Vietnamese state run Textile and clothing Group (Vinatex) and Japan Marubeni commercial association signed a contract in Hanoi in May 10th. strategic cooperation The memorandum of understanding has paved the way for further trade exchanges between the two countries.

The memorandum of understanding was signed by Le Tien Truong, deputy general manager of Vietnam textile and Garment Group and Kasuhita Yabe, leader of clothing department of maruon Commercial Association.

Le Tien Truong said that the memorandum of understanding will help Vietnam textile and Garment Group expand its market in Japan, and call for investment cooperation, training and technology spanfer to achieve sustainable development of the two garment sector and partner groups.

As a large multinational group, the Marubeni Commercial Association will produce fast speed with the member companies and branches of Vietnam textile and Garment Group. Partner The relationship between Japanese trade clothing products.

According to statistics from Vietnam textile and apparel group, Japan is the third largest importer of Vietnamese clothing, increasing by an average of 12% per year.

Since Vietnam - Japan economic partnership agreement came into effect in October 1, 2009, Japan's irrigation of Vietnamese clothing products has dropped to 0, which has created more favorable conditions for Vietnamese clothing exporters.