CTGG and WPA Enhance Partnership in Wool Industry

The recent 'NAM DINH – VIETNAM INVESTMENT PROMOTION & TRADE CONFERENCE 2024' held in Sydney, Australia, aimed to highlight investment opportunities in Nam Dinh province, Vietnam, to Australian investors. This event comes as a result of the growing relationship between the two countries.

During the conference, Cat Tuong Group (CTGG) and WoolProducers Australia (WPA) signed a Memorandum of Understanding (MOU) to enhance their partnership. This agreement is a significant step forward, building on previous collaborations such as WPA's visit to Nam Dinh province and participation in Vietnamese exhibitions.

The collaboration between CTGG and WPA is poised to boost the wool processing industry in Vietnam, integrating it into the global supply chain and enhancing the textile and garment sector of the country.

CTGG and WPA will work together on projects to facilitate the entry of Australian wool into the Vietnamese market. Their focus will be on infrastructure development, industrial park capabilities, and sustainable practices in wool processing. Aurora IP, a prominent industrial park in Nam Dinh Province, is strategically located with access to waterways and connecting roads, specializing in the textile and garment industry.

Known for its green and sustainable model, Aurora IP has attracted foreign direct investment (FDI) investors and achieved high occupancy rates. Following the successful conference and MOU signing, both parties are committed to further promoting development cooperation and attracting Australian businesses to invest in Aurora IP, strengthening the ties between Vietnam and Australia.

This initiative underscores Aurora IP's commitment to building a strong industrial ecosystem that contributes to the prosperity of the region and the nation as a whole.

The 'NAM DINH – VIETNAM INVESTMENT PROMOTION & TRADE CONFERENCE 2024' has paved the way for enhanced cooperation between Vietnam and Australia, particularly in the wool processing industry. The partnership between CTGG and WPA signifies a significant milestone in bilateral relations, with a focus on sustainable practices and infrastructure development. This collaboration is set to benefit both countries and contribute to the growth of the textile and garment sector in Vietnam.