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
Apparel/Garments | On 25th Jun 2017
Adobe has released its first Digital Price Index for apparels,...
Textiles | On 25th Jun 2017
First Insight, a technology company transforming how retailers make...
Shingora Textiles Ltd
‘In terms of fabric, the fastest growing category for us is a blend of...
Shades of India
Women value something that is unique and has a flavour of India
Online remains the best destination for shopping
Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...
Biovation II LLC
Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...
Larry L Kinn
Larry L Kinn, Senior Vice President - Operations Americas of Suominen...
Golfwear and menswear brand Devereux is set for greener pastures. Robert...
Rupa Sood and Sharan Apparao
Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...
Sonam and Paras Modi's Sva Couture is synonymous with head-turning...
Apparel/Garments | On 23rd Jun 2017