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Viet Tien garment firm set export target of USD 1 bn by 2020

YarnsandFibers News Bureau 2018-02-16 16:00:00 – Hanoi

Viet Tien Garment JSC, one of the leading companies in the garment-textile industry in Vietnam, to take measures to improve the efficiency of investment projects, expand investment and shift toward green production to realize the target of USD one billion in export turnover by 2020 with an annual average growth of 10 percent, said Director General Bui Van Tien.

The company will invest in new production technologies, particularly automation, and business administratioin. Apart from expanding human resources training, Viet Tien will build an advanced labour administration and improve the living standards of workers via upgrading the salary system, offering Tet bonuses and supporting poor workers.

The company will launch emulation campaigns to enhance productivity, encourage thrift practice, and increase added values of products, as well as improve income and working conditions for employees.

Last year, Viet Tien earned 14.1 trillion VND (627.1 million USD) in revenue, up 11.4 percent. Of which the parent company recorded 8.29 trillion VND (368.6 million USD), up 12 percent and its subsidiaries grossed 794 billion VND (35.1 million USD), up 1.5 percent.

The compnay will focus on developing brands and distribution channels, striving to become a multinational economic group.

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