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GIDITEX forays into real estate
23
Jan '08
Gia Dinh Textile and Garment Corporation (GIDITEX) has recently joined hands with Sai Gon Garment No.3 and Khang Thong Co, Ltd to establish Gia Dinh Development and Investment JSC, in a bid to develop real estate projects.

GIDITEX, which mainly works into the areas of industrial, textile and garment equipment, machine, material, accessories, is planning a US $43.7 million Trade center and a $31 million fashion designing center in Ho Chi Minh City.

The Ho Chi Minh City based company intents to pour in further finances to set up other high buildings as a strategy to deploy the unused land areas of Sai Gon Garment No.3 and Khang Thong Co.

In recent times, investing in real estate has become a trend among textile and garment companies in Vietnam, as they have land areas at good locations in big cities across the country.

Fibre2fashion News Desk - Vietnam

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