The Vietnam Garment & Textile Group (Vinatex) has just started the construction to build its garment manufactory in the Mekong delta province of Bac Lieu.
|Vinatex, who successfully launched an IPO in September (Photo: SGGP)|
The factory has its capacity of 5 million products per year covering an area of 4.2 hectares in Tra Kha Industrial Zone in Bac Lieu City.
The total investment capital has reached over VND 150billion (US$ 7million) and it is expected to create jobs for over 2,000 local workers.
Vinatex said the factory is estimated to put into operation by October 2015 and annual export turnover will touch US$ 30million.