VIETNAM: Apparel firms invest $200m in production facilities
Two investment licenses have been granted by the Ho Chi Minh city Export Processing and Industrial Zones Authority that will lead to the construction of two apparel complexes worth nearly $200m.
The investments are thought to be spurred by duty-free opportunities that would eventually be offered from the proposed Trans-Pacific Partnership (TPP) trade treaty with countries including Canada and the US.
The first will see Gain Lucky Limited, a Vietnamese subsidiary of China's leading textile and garment maker Shenzhou International Group, build a $140m apparel complex in the Dong Nam industrial park near Ho Chi Minh city.
The complex will include a design centre and manufacturing facilities producing high-quality apparel. The Hong Kong stock exchange listed Shenzhou International Group currently supplies goods for international brands including Puma, Nike, Adidas, Mizuno, Fila and Uniqlo.
The second license has been given to Taiwanese water sports apparel maker Sheico Group, which is to invest $50m in a facility at the same industrial park. This complex will extend from fabric production to sewing lines, and will employ around 3,550 local workers.
An interactive databank with intelligence on the major apparel sourcing countries
Nike believes that footwear manufactured using its Flyknit fabric, which was initially launched in 2012, will be one of its growth drivers going forward. Initially launched in running footwear, Nike h...
MarketLine's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organi...
Nike Sweden AB will seek to strengthen its presence in Sweden through innovative new product developments. The company currently enjoys extensive distribution and strong brand recognition on the marke...
2013 was marked by a strong investment by Nike in the Portuguese territory. Beyond the opening of important stores, Nike has been dedicated to increasing its penetration throughout a vigorous marketin...
- Why China 5-year plan won't change garment-making
- ‘Fixing Fashion’ one stitch at a time
- Navigating a turbulent sourcing landscape
- Supply chains under pressure as Black Friday looms
- Jordan garment sector strong amid regional unrest
- US Q3 in brief: Burlington Stores, Guess, Chico's
- Adidas has greenest textile supply chain in China
- Global clothing and footwear trade to drop by 1.5%
- Cambodia living wage campaign kicks off
- New Balance launches first 3D printed running shoe
- Wearable technology: The future market potential for smart garments and e-textiles
- Practical Brand Sourcing Strategy
- Statistics: Trends in Global and Regional Man-made Fibre Production - 2015
- Myanmar's Garment Sector in 2015 - now with updated members' directory
- Technical Textile Markets: Product Developments and Innovations - 2nd Quarter 2015