A new export-oriented garment manufacturing joint venture has been formed in Vietnam between Hong Kong-based Long Faith Industrial Ltd and Ho Chi Minh City-based Nha Be Garment Company. The Excel Kind-Nha Be Garment Venture Co Ltd has registered capital of $1 million and a 10-year license to produce clothing under sub-contract, with at least 80 per cent of its output destined for export to markets including the US and EU.