Indochina Capital Vietnam Holdings Limited recently signed a strategic investment agreement with country's leading fashion developer Viet Fashion Company, the producer and retailer of casual wear NinoMaxx fashion brand.
According to the deal, Indochina Capital will hold 20 percent stake of NinoMaxx, worth around US $1.87 million and act as strategic partner by providing various supports including long-term capital, developing brand, marketing strategies and retail shop network.
Nguyen Huu Phung, General Director, NinoMaxx said that with Indochina Capital's assistance based on rich experience in international business and finance, NinoMaxx will have enough capacity to become one of the top fashion companies in South East Asian in the next five years.
The NinoMaxx has gathered nine years of knowledge in designing, manufacturing and trading casual wear for youth in Vietnam, operating presently through 55 stores nationwide and emerged as an important retail fashion trader in Vietnam.
Last year, NinoMaxx fetched high earnings which have attracted the interest of Indochina Capital and the company also forecasts to obtain year-on–year revenue growth of 30 percent in 2007.
Since early this year, there has been a new trend of investment in Vietnam, including Mekong Capital, Dragon Capital and Vinacapital to bring investment especially in the textile and garment sector, therefore opportunities for developmnet in this industry is more open for the country.
Fibre2fashion News Desk - Vietnam
20240830145952.gif)
20240925092649.png)
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "UBM China (Shanghai)")
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
