Home breadcru News breadcru Company breadcru VTEC to build Garment Complex worth $18 mn

VTEC to build Garment Complex worth $18 mn

09 Oct '07
1 min read

Viet Tien Garment Export and Import Corporation (VTEC), country's one of the largest apparel manufacturing company, has decided to build a garment complex at Dong-Nam economic zone in central Nghe An Province.

The project will require an investment of around VND300 billion (US $18.8 million).

An official source of the company imformed that clothing manufactured here are especially for the export purposes. With this VTEC will be able to provide employment to more than 1000 local labours.

The Ho Chi Minh-based company, targets to fetch revenue of VND1.25 trillion (US $78 million) in 2008 and increase its funds to VND250 billion in the next two years from the current of VND230 billion.

Fibre2fashion News Desk - Vietnam

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