The Viet Tien Garment Joint Stock Corporation (VGG) has signed up with Luenthai and Newtech to establish the Viet Thai Tech fabric factory, which is expected to supply fabric for the garment and textile industry.
Viet Tien Garment JSC, one of the leading companies in the garment-textile industry in Viet Nam, has set a goal of grossing US$1 billion in export turnover by 2020 with an annual average growth of 10 per cent.
The Viet Tien Garment Joint Stock Corporation (VGG) has issued 14
million shares converting 1.4 million corporate bonds for VND100,000
each and added VND420 billion (US$18.7 million) to its capital.
The Viet Nam National Textile and Garment Group (Vinatex), has
restructured its domestic business strategy to further invest in
domestic production by expanding sales and distribution and developing
the fashion industry.