Home / Knowledge / News / Apparel/Garments / Vietnam garment exporter Vinatex raises $58.10mn via IPO
Vietnam garment exporter Vinatex raises $58.10mn via IPO
Sep '14
One of Vietnam’s largest apparel exporters and government owned - Vietnam National Textile and Garment Group (Vinatex) raised around VND1.22 trillion or US$ 58.10 million through an initial public offering (IPO).

Vinatex sold more than 110.5 million shares to 87 investors at an average price of 11,000 VND or $0.49 per share, half of whom were foreign investors.

Vietnamese investors include three institutions and 54 individuals, while foreign investors include 12 institutions and 18 individuals.

Earlier in May 2014, the Prime Minister of Vietnam approved the privatization plan of Vinatex, under a government-approved privatisation scheme.

Under the scheme, a company with an authorised capital of VND5 trillion or $238.10 million, may sell 24 percent of its equity to strategic investors.

The plan allows the State to hold 51 percent capital and company staff to buy 3 million shares, or 0.6 percent of the authorised capital.

Vinatex which has around 120 subsidiaries has targeted an export turnover of $3.6 billion by 2015 and $5 billion by 2020. (AR)

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 1st May 2017

FESPA to showcase digital, screen, textile industries

Stage is set for FESPA 2017 at the Hamburg Messe, Germany during May...

Textiles | On 30th Apr 2017

Government revamping tech mission on cotton

Indian Government is working to revamp the technology mission on...

Apparel/Garments | On 30th Apr 2017

Columbia Sportswear records Q1 net sales of $543.8 mn

Columbia Sportswear Company has announced record net sales of $543.8...

Interviews View All

Sonia Agarwal

‘The terms eco-friendly and organic are common but everyone perceives them ...

Hannah Lane

Encouragement from brands will motivate supply chains to become more...

Awen Delaval

'Natural fibres are appreciated for traditional authenticity'

Paolo Ocleppo
Sandvik Hyperion

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

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
April 2017

April 2017

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


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search