US based Paceman Group recently inked a four year contract with March 29 Textile and Garment Company Hachiba in New York, worth US $141 million for importing textile and apparel goods.
The deal was signed in presence of Le Quoc An, Chairman of Vietnam Textile and Garment Association (VITAS), representatives from American Chamber of Commerce (AMCHAM) and many prestigious importers of the US.
Paceman, being a traditional customer of the Vietnamese company, has imported commodities worth over US $15 million with annual growth rate of 30 percent in 2006.
Paceman's import turnover with the March -29th Textile and Garment JSC is expected to reach US $21 million in 2007.
With this new deal, Paceman's import from March -29th Textile and Garment Hachiba will increase twofold in terms of value.
Fibre2fashion News Desk - Vietnam
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