Vietnamese apparel manufacturer GMC, on November 13, started construction of its garment facility, located at Hac Di Industrial Point, in Ba Ria-Vung Tau Province.
Apparels in the factory will be produced mainly for exports to the US and EU. The new plant is estimated to cost around US $6.25 million (VND 100 billion).
According to Le Quang Hung, Chairman of Management Board of GMC, the manufacturing plant will employ more than 2,500 workers with 36 sewing lines, which will generate annually $25 million exports turnover.
During the first nine months 2007, Ho Chi Minh City based GMC, earned around $15.63 million turnover with profit reaching to $0.95 million, representing 154.32 percent and 147 percent higher compared to the same period 2006.
Fibre2fashion News Desk - Vietnam
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