HanesBrands plans increase in VN investment

Tuesday, Sep 15, 2015 11:44

Workers at a garment factory of HanesBrands Viet Nam. With three large plants, the company currently is generating jobs for more than 11,000 labourers in Viet Nam. – Photo HanesBrands Viet Nam

HA NOI (VNS)– HanesBrands, a United States-based manufacturer of basic apparel essentials, plans to raise its total investment in Viet Nam to touch nearly US$55 million by the end of 2015.

This would be an increase of more than $11 million compared to that of 2014.

The investment proposal reaffirms HanesBrands' strong commitment to serve Viet Nam's market and marks the country as a critical investment destination on the group's global manufacturing map.

In 2014, with the inauguration of its third plant in Hung Yen Province, HanesBrands Viet Nam's total exports surged to touch $334 million. The figure is expected to reach $355 million by the end of 2015.

The company's annual production capacity is 475 million units, accounting for 20% of the group's total production.

Founded in 2007, HanesBrands Viet Nam has built a strong supply chain with three large modern plants in Khoai Chau and Kim Dong districts in the northern Hung Yen Province and Phu Bai District of central Thua Thien Hue Province.

The company exports apparel products to key markets in the United States, Canada, Japan and China. It currently is generating jobs for more than 11,000 labourers in Viet Nam. — VNS

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