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
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...
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...
Nike Poland has a strong position on the Polish apparel market and it is expected that its share will increase further in the forecast period. The company will continue to be positioned as a premium b...
Nike Turkiye AS endorses various sports, such as the Nike Run Istanbul and Nike Turkey Made by Movement campaigns in 2013. Nike used Nike Run Istanbul to get a non-running nation thinking and talking ...
- US fashion firms share their sourcing strategies
- How apparel retailers should react to Brexit
- Britain votes for Brexit – what happens next?
- Cost biggest barrier to Bangladesh RMG remediation
- Lies and statistics – the sustainability version
- Columbia rain jacket a milestone in sustainability
- Bangladesh firm comes top in World Textile Awards
- Myanmar factories prepare for compliance training
- ILO decent work in global supply chains criticised
- Ten key trends in apparel and footwear markets
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Clothing & Footwear Retailing in Indonesia– Market Summary & Forecasts
- Primark Stores Limited: Retailing - Company Profile & SWOT Analysis
- Clothing & Footwear Retailing in China – Market Summary & Forecasts
- Nike Inc in Apparel and Footwear (World)