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January 11, 2002

VIETNAM: Vinatex Plans Production Overhaul In 2002

Vietnam National Textile and Garment Corporation (Vinatex) is to spend VND3.357 billion, (US$224 million) on 161 garment and textile projects aimed at improving sourcing and production facilities for its members. According to Vinatex, the goal is to increase the combined production value and revenue of these associate companies by 17-18 per cent in 2002.

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