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VIETNAM: Vinatex profits soar during 2007 | 4 Jan 08

Vietnam National Textile and Apparel Group, Vinatex, is expecting to post profits of VND521.75bn (US$32.6m) for the full-year 2007, representing an increase of 250% compared to the prior year.

VIETNAM: Viettien-Dong A to build US$3m thread plant | 21 Nov 07

Viettien-Dong A JSC has announced plans to build a thread plant and industrial washing complex in the Vinatex-Tan Tao industrial zone, Dong Nai province early next year, costing US$3m.

VIETNAM: Vinatex profits soar 45.5% in first three quarters | 15 Nov 07

Vietnam National Textile and Apparel Group (Vinatex) generated VND286bn (US$17.87m) in profit during the first nine months of 2007, representing a 45.5% increase on the prior year period.

VIETNAM: Cuba makes inroads for textile supply agreement | 13 Nov 07

Vietnam, which has vastly increased its apparel and footwear production in recent years, is currently looking to secure a supply deals with Cuba for the export of fibre and fabrics.

VIETNAM: VTEC gets OK for US$18.75m garment factory | 12 Oct 07

Vietnamese garment manufacturer Viettien Garment Export and Import Corporation (VTEC) is to build a garment complex at the Dong Nam Economic Zone, a newly-established zone of the Nghe An province in central Vietnam.

VIETNAM: Vinatex to build fibre plant | 9 Oct 07

The Vietnam National Textile and Apparel Group (Vinatex) has inked an agreement with People’s Committee of Ha Tinh province to build a fibre plant there.

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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