Hanosimex to invest $5m in Vinatex operations

tohang

The Ha Noi Textile Garment Company (Hanosimex) said it would spend VND111 billion (US$5.2 million) to expand activities in Vinatex Hong Linh in the central province of Ha Tinh.

Workers check clothes at a factory of Vinatex. Vinatex Hong Linh in the central province of Ha Tinh will receive an investment of VND111 billion (US$5.2 million) from Hanosimex. - Photo vinatex.com

HA TINH (Biz Hub) — The Ha Noi Textile Garment Company (Hanosimex) said it would spend VND111 billion (US$5.2 million) to expand activities in Vinatex Hong Linh in the central province of Ha Tinh.

The money will be used to buy equipment to enhance production capacity and increase fibre ouput from 3,600 to 5,400 tonnes per year.

The move is part of the company's investment plan for the 2014-15 period. — VNS

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