The Vietnam National Garment and Textile Corporation (Vinatex) announced on Friday it will invest $23.2 million in three new state-of-the-art garment and textile industrial parks.

Work has already got underway on the first multi-million dollar park in northern Hung Yen province which will be used as a base by numerous garment companies.

It will be followed this spring by a similar industrial park in southern Binh Duong province for textile manufacturers and later a third park in southern Dong Nai province for textiles and dyeing factories.