Vietnamese Garment Firms Licensed to Invest Abroad
The Ministry of Planning and Investment (MPI) has licensed two textile and garment companies to invest abroad, state media reports.
Accordingly, the Song Hong Garment Joint Stock Company will invest VND4.8 billion ($300,000) in establishing a center to introduce garment products in Hong Kong.
The Ninomax company will inject $950,000 into building a retail fashion shop in the US.
Recently, the Hanoi-based T&T Company has been allowed to invest in building a garment factory in Angola.
In related news, the Vietnam National Textile and Garment Group (Vinatex) is planning to set up a large distribution and introduction center in Europe.
Vietnam Economic Times
Vietnamese
