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| The Viet Nam Textile and Garment Group (Vinatex) inaugurated its new garment factory, worth nearly VND127 billion (US$5.7 million), in the central province of Nghe An late last week. — Photo truyenhinhnghean.vn |
NGHE AN (Biz Hub) — The Viet Nam Textile and Garment Group (Vinatex) inaugurated its new garment factory, worth nearly VND127 billion (US$5.7 million), in the central province of Nghe An late last week.
Spanning in 32,000sq.m, the Vinatex Hoang Mai factory will produce 11 million tonnes of products in its first phrase – mainly producing exports bound for Japan – and provide about 900 local jobs.
Vinatex said it expected export turnover to grow by 10 per cent this year to $2.6 billion.
To meet this target, the group will focus on supporting its subsidiaries in trade promotion to enlarge export markets, the group's general director Le Tien Truong said.
The group reported an export value of $2.37 billion and a pre-tax profit of VND628 billion last year. — VNS