Related Keywords: An Phuoc to build a silk plant, capacity to produce twelve million items of clothing or linen annually, getting ready for TPP, overseas player keen to invest to set up subsidiary in Vietnam, Vietnamese textile businesses, Vinatex plan to invest in building second plant, with thirty two production lines
Vietnamese textile businesses are getting ready for the Trans-Pacific Partnership, hoping the free trade agreement will usher in an era of unprecedented growth. The Vietnam National Textile and Garment Group (Vinatex), the country's largest textile company, plans to invest $91 million to build a second plant on a 3.7-hectare site in the southern province of Kien Giang which is scheduled to open by next spring.
The new plant will have 32 production lines and the capacity to produce 12 million items of clothing or linen annually. It is expected to boost sales by $37 million.
