Chinese firm completes garment-textile production chain in Vietnam
With the completion of a garment-textile production chain in Vietnam, Worldon Vietnam Co., Ltd under the Chinese Shenzhou Group is likely to expand investment in the Southeast Asian country.
A garment factory in Hung Yen province (Photo: VNA)
Hanoi (VNA) – With the completion of agarment-textile production chain in Vietnam, Worldon Vietnam Co., Ltd under theChinese Shenzhou Group is likely to expand investment in the Southeast Asiancountry.
Last week, the company put into operation thechain’s last project worth 310 million USD at Dong Nam (South East) industrialpark in Cu Chi district, Ho Chi Minh City.
Tran Viet Ha, head of the investment section under the HCMCity Export Processing and Industrial Zone Authority, said this is the biggestinvested garment-textile project at an industrial park in the city.
Though the city does not encourage labour-intensiveprojects, including garment-textile ones, this project was licensed taking intoaccount the investor’s commitment to using advanced technology.
Gain Lucky garment-textile factory at Phuoc Dongindustrial park in Tay Ninh province of Shenzhou Group will provide materialsfor Worldon Vietnam’s factories. The company also built a fashion designcentre.
Shenzhou manufactures knitwear products from theinitial stage of making fiber, weaving and printing to the creation of finalproducts for popular brands such as Nike, Adidas, Puma and Uniqlo.
Over the past 11 months, Vietnam’sgarment-textile industry raked in 23.6 billion USD from exports, representing ayear-on-year rise of 9.5 percent.-VNA
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