Vietnam textile and garment corporation (Vinatex) plans to invest VND12,000bn ($824m) to double its capacity over the next five years, according to a Vinatex official.

Vinatex will build 50 new weaving and dyeing factories, each of which will employ around 500 workers, a senior official of the corporation told the Saigon Times Daily yesterday.

The corporation is preparing to implement a management training programme, which aims to train 20-30 potential executives selected from affiliated enterprises each year. The would-be managers will attend a master business administration course co-organized by Hanoi National University and Hawaii University in the first two years with the $15,000 fee/ person provided by Vinatex and affiliated enterprises.

Vinatex in coordination with Ha Noi Polytechnic University will hold three textile engineer training classes and it also plans to train more fashion designers.

Other courses will be organised to help 300 directors and deputy directors and its 5,000-strong technical staff update knowledge of business administration and technology, the company added.