The Vietnam Textile and Garment Group (Vinatex) will set up its second garment factory in Kien Giang province at a cost of $91 million, Vietnamese media reports said.
The apparel factory will come up on 3.7 ha and will have a total capacity to produce 12 million pieces per year, once it goes operational in first quarter of 2017.
The factory is likely to create employment opportunities for 2,000 people in An Bien district, bringing in annual revenue of nearly $37 million.
Vinatex's first factory in Kien Giang went operational last year, providing jobs to around 2,000 people in Go Quao district.
The Group is increasing production capacity as part of its strategy to take greater advantage of the benefits under the Trans-Pacific Partnership, under which Vietnam garments can enter the US at zero-duty. (RKS)
Fibre2Fashion News Desk – India
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