Apparel and textile industry company news

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VIETNAM: Vinatex to rent 30% of new materials centre | 18 Sep 07

Vietnam’s giant textile and apparel maker Vinatex has signed a rental agreement with Lien Anh C, owner and operator of the Lien Anh centre which supplies fabrics and accessories for garment and footwear production.

VIETNAM: Vinatex to build US$16m industrial zone | 24 Aug 07

The Vietnam National Textile and Apparel Group (Vinatex) plans to build a qualified industrial zone (QIZ) in the country’s Nam Dinh province, which will house textile and garment factories.

Vietnam eyes soaring textile and clothing exports by 2010 | 8 Aug 07

Vietnam plans to double the value of its textile and clothing exports from US$4.8bn in 2005 to US$10bn by 2010, according to a new report by Textiles Intelligence. At the same time it hopes to double the number of people working in the industry from 2m to 4m.

VIETNAM: Viet Tien to build new US$1.8m apparel plant | 25 Jul 07

Viet Tien Garment Export and Import Corporation (VTEC) has begun building a new VND30bn (US$1.8m) apparel factory in the southern province of Tien Giang.

VIETNAM: Apparel fibre and fabric imports soar 10.1% in H1 | 24 Jul 07

The Vietnamese textile and apparel industry spent US$250m in June on imported fibres, yarns and fabrics, an increase of 42.9% year-on-year according to the country’s Ministry of Industry.

VIETNAM: Donagamex launches new US$1.9m garment plant | 19 Jul 07

Dong Nai Garment Joint Stock Company has just launched new garment plant in Vietnam costing VND30bn (US$1.9m).

VIETNAM: Vinatex first-half sales soar 8.4% to $662m | 17 Jul 07

Vinatex, the state-owned Vietnam National Textile And Apparel Group, has posted an 8.4% rise in sales for the first half of the year to VND10,677bn (US$662.1m) and is eyeing offices in its key export markets.

VIETNAM: Government gives go-ahead to Vinatex privatisation | 22 Jun 07

The Vietnam government has given the go-ahead to the privatisation of its largest textile and garment group, Vinatex.

VIETNAM: International Textile Group to invest up to $100m | 21 Jun 07

WL Ross & Co and its majority owned unit, International Textile Group Inc (ITG) are to deepen their investments in Vietnam by up to $100m after signing several agreements in New York late on Tuesday (19 June).

Is Vietnam the up-coming Asian Tiger? | 30 Apr 07

Since Vietnam’s accession to the WTO at the beginning of this year, investors have been queuing up to take advantage of the country’s low costs and free trade status. However, one dark cloud on the horizon is the decision by the Bush administration to monitor and possibly self-initiate anti-dumping cases against US apparel imports from Vietnam, as Jozef De Coster reports from Ho Chi Minh City.

VIETNAM: Korean firms back US$65m textile investment | 23 Feb 07

Korean investor Teachang Corporation has reportedly struck agreements worth US$65m with textile firms in Vietnam to construct two new manufacturing plants in the country.



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