Three years after the implementation of a government directive aimed at salvaging 12 failed business projects under the Ministry of Industry and Trade (MoIT), little progress had been made and the majority were still losing money, according to a recent...
The Dinh Vu polyester fibre plant in the northern port city of Hai Phong has put into operation two additional DTY fibre production lines, raising the total capacity to nearly 900 tonnes per month, up 20 per cent.
The Petrovietnam Petrochemical and Textile Fiber Joint-Stock Company (PVTex) with An Phat Holdings JSC (APH) and An Son Textile Fiber JSC on Tuesday signed a contract to process drawn textured yarn (DTY) made by Dinh Vu polyester fibre plant.
The Dinh Vu Polyester Fibre Plant (PVTex) will resume the operation of three production lines on April 18, targeting an output of 189 tonnes of yarn in the first month.
The Dinh Vu Polyester Fibre Plant exported nearly 5,500 tonnes of
products to the European market in its first three months of operation,
according to the Ministry of Industry and Trade.