VN economic news

Vietnam Economic News has publish special edition to highlight the bilateral relations between Vietnam and Malaysia after 43 years. Ms. Agnes Chua- Vice General Director of USV sharing the success and expectation of Malaysian organizations and Malaysian companies in Vietnam as tMs Chuahe significant part of further bilateral cooperation of the two countries.

“Textile and apparel in Vietnam has seen fast and sustainable growth. The momentum is now at the top gear with the conclusion of Trans-Pacific Partnership and EU-Vietnam Free Trade Agreement. Vietnam has remained the leading supplier to most of the key markets such as the US, the EU, Japan and Canada.

We are optimistic about our business with local and central government support, customer choice and preference and our company core value “people are the only appreciating asset”, we focus on leadership engagement and employee empowerment. Since United Sweethearts Garment (Vietnam) Co., Ltd. was established in 2001, we have seen improvement in infrastructure, upstream and downstream supply chain, as well as government administrative policies and procedures.

With Malaysia and Vietnam both part of AEC and TPP, we see changes forthcoming in the sourcing & marketing landscape, changing from CMT (cut, make, trim) to OEM (Original Equipment Manufacturer) and ODM (Original Design manufacturer) with high value items. Easier links to the global supply chain will enhance Vietnam’s competitive edge in the region and help us further explore the global market.

As part of our growth plans to grow in Vietnam and better serve our current and new customers, we are now undergone the constructing of contemporary new factory with four stories of building and expect to complete by December 2016. Investment is at about US$10 million. After expansion, the total employee would increase to 3,500.”