Up to 10,000 jobs will be created when Hong Kong-based knitwear producer Success Path Ltd opens two new plants in Vietnam.

The new factories will have a production capacity of 10.5 million garments a year with most of the items destined for the US and EU markets.

A company spokesman told the Saigon Times Daily that both factories would use materials from regional countries and produce items including sweaters and windcheaters.

He added one of projects is a $2 million subsidiary venture by Saigon Knitwear Ltd and will be based in Danang Industrial Park in Son Tra District.

The second, Knitwear Vietnam Ltd, is capitalised at $2.5m and located in Hoa Khanh Industrial Park in Lien Chieu District.