Vietnam's Regent Garment to open 3rd factory in Hải Dương
April 16, 2019 - Vietnam
Vietnam’s Regent Garment Co recently received in-principle approval from Hai Duong province’s People’s Committee to develop its third garment factory in the Nguyên Giáp Industrial Complex in Tu Ku district at a cost of $39 million. The company, an affiliate of Hong Kong’s Crystal International Group, had earlier built two similar factories in the province.
The new factory will have an annual capacity of 28 million products, creating 4,900 jobs, according to report in a Vietnamese news portal.
The company’s first garment factory, started in 2006 in the Nam Sách Industrial Zone, was worth $64 million, while the second, valued at $124 million, opened in Lai Vu Industrial Zone in 2014, manufacturing 170 million products each year. (DS)