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VINATEX pours money in real estate
Mar '08
Recently, Vietnam National Textile and Apparel Group – (VINATEX) launched its real estate company named Vinatex Land, with an investment of VND 300 billion, to handle infrastructure projects for further development of the textile industry.

Shareholders of the Vinatex Land are leading textile and apparel companies of Vietnam, including Vinatex, Phong Phu Corp, Hanosimex.

According to an official of VINATEX, investments into real estate will help earn more money which will be re-invested into textile and garment fields of the Group as well as to improve financial capacity of Vietnamese textile and apparel industry.

At the same time, VINATEX has also signed complete cooperation agreement with Vietnam Exim Bank to develop all aspects between two organizations.

Fibre2fashion News Desk - Vietnam

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