Home / Knowledge / News / Textiles / Vinatex Group to be equitized

Vinatex Group to be equitized

23
Jun '07
Vinatex Group presented an export report of 22 percent last year, which has prompted the Government to equitize the group.

Endorsing the plan of convertible bonds, Deputy Prime Minister Nguyen Sinh Hung on Thursday stated that to start the eqitization process a consultant needs to be hired.

Though no clear picture of the convertible bond was given. However, Le Quoc ,the company's chairperson targeted on the revenue expansion to at least VND10 trillion (US $620 million).

Vinatex intends to wind up its equitisation process by the end of next year.

The announcement made by the Deputy Prime Minister intended in heaving Vinatex's overseas trading from $1.3 billion last year to $1.55 billion in 2007, primarily in the EU and US.

The initial five months of crudeoil export in Vietnam returned a proceed of $2.68 billion in the current year, as a result of which the garment and textile sector now has gained huge global recognition.


Must ReadView All

Pic: Shutterstock

Textiles | On 23rd Sep 2021

Global economic recovery continues but remains uneven: OECD

The global economy is growing far more strongly than anticipated a...

Pic: Shutterstock

Textiles | On 23rd Sep 2021

ADB revises down Cambodia’s growth forecast, sees rebound in 2022

Cambodia’s economy is projected to grow by 1.9 per cent this year...

Pic: Shutterstock

Retail | On 23rd Sep 2021

Prompt action needed to reduce business rates burden on UK retail: BRC

The British Retail Consortium has urged the government to take prompt ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Led by MMF, Indian apparel exports likely to double in next 3 years

Textile Industry, Head honchos

Textile Industry
Head honchos

Quality & affordability to affect market acceptability of new fibres

Textile Industry, Head honchos

Textile Industry
Head honchos

Ensured payment of fee was least concern for students

Raiyan Islam,

Raiyan Islam

Founded in 1981 by Sayeeful Islam, Concorde Garments Group is a market...

Yawer Ali Shah,

Yawer Ali Shah

Synthetic colours and dyes were all the rage till the very first ban on...

Alberto Gotti,

Alberto Gotti

Danitech was born from the will of a group of technicians to offer the...

Suresh Patel, Non Woven Federation of India

Suresh Patel
Non Woven Federation of India

The Non Woven Federation of India (NWFI), representing the regional...

Shaan Sethi, Jaanuu

Shaan Sethi
Jaanuu

Jaanuu, a vertically integrated e-commerce company, has reimagined the...

Shujaul Rehman, Garware Technical Fibres

Shujaul Rehman
Garware Technical Fibres

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Seema Gujral, Label Seema Gujral

Seema Gujral
Label Seema Gujral

<b>Seema Gujral</b>'s designs for her eponymous label revolve around...

Sweta Agarwal, A Humming Way

Sweta Agarwal
A Humming Way

A Humming Way (AHW) is inspired by the old-world regalia of Rajasthan...

Vidur Adlakha & Riccardo Bennidini, La Fuori

Vidur Adlakha & Riccardo Bennidini
La Fuori

With an active presence in US, Italy and India, clothing brand La Fuori...

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

Leave your Comments


September 2021

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


Advanced Search