View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
January 22, 2020

Vietnam garment maker builds fabric factory to cut reliance on imports

Vietnam's Viet Tien Garment Joint Stock Corp., has partnered with garment manufacturer Luenthai and Singapore's Newtech Textile Co., to develop a factory that will supply fabric to the country's garment and textile industry in a bid to lower its reliance on fabric imports.

By Hannah Abdulla

Vietnam’s Viet Tien Garment Joint Stock Corp., has partnered with garment manufacturer Luenthai and Singapore’s Newtech Textile Co., to develop a factory that will supply fabric to the country’s garment and textile industry in a bid to lower its reliance on fabric imports.

A memorandum of understanding was signed between the three companies for the supply of synthetic fabrics which have been printed with Cooltrans coloration technologies, specialising in woven fabrics for sportswear and leisurewear for high-end international brands as well as domestic premium markets.

The Viet Thai Tech Fabric Factory aims to resolve the issue of a shortage of fabric resources in the country. The factory is expected to be operational by September.

According to local reports, the project has a total investment of US$20m. The first phase of the project is $12m and the second is $8m. 

Citing Vu Duc Giang, chairman of Viet Tien Group and of Vietnam Textile and Apparel Association (VITAS), reports said the project will look to proactively source raw materials, shorten production and delivery time and meet strict quality requirements from customers in the garment industry.

The factory will be built according to US green standards and claims to be the first green standard fabric factory in Vietnam.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Monday. The industry's most comprehensive news and information delivered every quarter.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Style