Garment 10 aims 6% rise in revenue in 2017

Wednesday, Jan 04, 2017 15:30

Workers at a plant of GARCO 10. The company is targeting a 6 per cent rise in revenue in 2017 compared to last year. — Photo VNA

Garment 10 Corporation JSC (GARCO 10) is targeting a 6 per cent rise in revenue in 2017 compared to last year, its general director Nguyen Thi Thanh Huyen said.

The company aims to earn a revenue of VND3.1 trillion (US$136 million) and make a profit of VND62.5 billion in 2017, Huyen said.

To achieve these objectives, GARCO 10 will take initiative and adopt austerity measures, besides prioritising product quality, improving labour productivity and enhancing corporate governance.

The company made a total estimated revenue of VND2.9 trillion in 2016, which is a 6.42 per cent year-on-year increase and 2 per cent higher than its annual target.

The company contributed around VND59 billion to the State budget last year, up 24 per cent against 2015.

With more than 9,000 professional workers, GARCO 10 is one of the largest companies in Viet Nam’s textile and garment sector.

Over the years, the company has established co-operation relationships with several prestigious firms in the global fashion industry and exports its products to many countries. It annually produces around 21 million high-quality products of different types, more than 80 per cent of which is exported to European countries, the United States, Japan and Hong Kong. — VNS

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