Tung Phuong Garment Co. inks $400,000 exports deal with Belgium
17 Jul '06
1 min read
Tung Phuong Garment Company, recently, signed a contract worth US $400,000 of exports to Belgium market, officials of the company said.
This contract will be wrapped up by September, 2006.
So far this year, Tung Phuong, located in Thanh Hoa province, earned $600,000 as exports turnover from two traditional markets of the US and Korea, representing year–on-year surge of 150 percent.
Company targets net exports of $1.2 million for entire 2006.
Along side with accelerating exports activities, Tung Phuong Garment is investing 6 billion VND ($375,000) for infrastructure and technology as it plans to set up a manufacturing unit at Tay Bac Ga industrial park in Thanh Hoa city.