Home / Knowledge / News / Apparel/Garments / Vinatex IDC begins construction of new garment factory
Vinatex IDC begins construction of new garment factory
19
Feb '14
courtesy: Vinatex
courtesy: Vinatex
Vinatex Investment and Development Company (Vinatex IDC), a subsidiary of Vietnam National Textile and Garment Group (Vinatex), has commenced construction of a new garment factory at Thanh Loc Industrial Zone in the southern province of Kien Giang, this month.
 
The new clothing factory will be built on an area of 36,500 sq m at a cost of 150 billion dong (about US$ 7.05 million).
 
The Kien Giang factory is part of the ‘300 sewing lines’ project assigned to Vinatex by the Government of Vietnam.
 
It is also part of Vinatex’s strategy to reach $5 billion in export turnover by 2016.
 
When operational, the Kien Giang apparel factory is expected to employ 2,225 people, and generate 200 billion dong in revenue, while contributing 2.3 billion dong to the state’s exchequer.
 
In 2013, Vinatex’s garment and textile exports increased by 12 percent year-on-year to $2.9 billion.
 
Currently, the Group is focusing on producing and exporting high-quality textile and clothing products, and reducing the use of imported materials.
 

Fibre2fashion News Desk - India


Must ReadView All

US & EU retailers release industry approach to GDPR

Apparel/Garments | On 24th May 2018

US & EU retailers release industry approach to GDPR

The Washington, D.C.-based National Retail Federation and...

Global cotton consumption to reach record in 2018-19: USDA

Textiles | On 24th May 2018

Global cotton consumption to reach record in 2018-19: USDA

Reflecting continued growth in the global economy, world cotton mill...

Courtesy: Nanollose

Textiles | On 24th May 2018

Nanollose develops fabric from coconuts

Australian technology company Nanollose has developed a sustainable...

Interviews View All

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Urmil Arya

Sushila International, a well established textile organisation established ...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search