Home / Knowledge / News / Textiles / Thanh Cong plans textile & garment plant in Vietnam
Thanh Cong plans textile & garment plant in Vietnam
27
Aug '14
courtesy: Thanh Cong Group
courtesy: Thanh Cong Group
Vietnam-based vertically integrated textile and garment manufacturer Thanh Cong Textile Garment Investment Trading Joint Stock Company is planning to construct a new textile and garment plant in Vinh Long province, according to a Viet Nam News report.
 
The first phase, expected to begin next month, will involve investment of US$ 8 million, and on completion, the project is likely to earn $10 million in annual revenue.
 
In the first half of 2014, Thanh Cong reported revenue of 1.306 trillion dong ($61.7 million), registering an increase of 8.85 percent year-on-year. The company earned a profit of 83.68 billion dong ($3.9 million), up 47.6 percent year-on-year.
 
Several new textile and apparel factories are coming up in Vietnam in view of the expected signing of the Trans-Pacific Partnership (TPP) agreement, which is expected to boost Vietnam’s exports to the US and other TPP-member countries.
 
Fabric and garment exports from Vietnam totaled US$ 11.498 billion in the January-July 2014, growing at 19.5 percent year-on-year, according to the preliminary data released by the Customs IT & Statistics Department, General Department of Customs, Vietnam’s Ministry of Finance.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 24th Jun 2017

Applied DNA to tag cotton for 2017/18 US ginning season

Applied DNA, provider of DNA-based supply chain security,...

Apparel/Garments | On 24th Jun 2017

NPD Group launches Trend Tracker for apparel trends

Global information company the NPD Group has launched Trend Tracker,...

Textiles | On 24th Jun 2017

Cotton USA’s first innovation competition in UK ends

Cotton USA has announced the successful close to its first innovation ...

Interviews View All

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
June 2017

June 2017

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

SUBSCRIBE


Browse Our Archives

GO


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