Vietnam garment factories are most likely to reach its yearly target of US$13 billion in export this year, according to the Vietnam Textile and Apparel Association.
The association said its members have so far this year exported US$10 billion and they are expected to ship aboard products valued at US$3 billion in the remaining months of this year.
Apart from the EU, Japan, Russia and the Middle East, the US remains a key market for Vietnamese garment manufacturers in the coming time, the association added.
Friday, November 25, 2011
Wednesday, November 16, 2011
A new development of fibre plant aids Vietnam exporters
Yarn manufacturer Dai Cuong Group last week inaugurated its VND500 billion (US$23.5 million) fibre plant in Tien Hai District Industrial Zone, Thai Binh Province.
The 15,000sq.m plant, reported to be the most modern facility in Southeast Asia, would be able to produce 8,000-11,000 tonnes of fibre per year with about 500,000 Swiss spindles.
Its products would be aimed at markets in Turkey, Japan, Korea, Brazil, and the US. It would earn an annual revenue of VND750 billion ($35.2 million) and generate nearly 300 jobs after opening.
The 15,000sq.m plant, reported to be the most modern facility in Southeast Asia, would be able to produce 8,000-11,000 tonnes of fibre per year with about 500,000 Swiss spindles.
Its products would be aimed at markets in Turkey, Japan, Korea, Brazil, and the US. It would earn an annual revenue of VND750 billion ($35.2 million) and generate nearly 300 jobs after opening.
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