The Viet Tien Garment Joint Stock Corporation (VGG) recently signed up with Luenthai and Newtech to establish the Viet Thai Tech fabric factory to supply fabric for the garment and textile industry. With a total investment of $20 mn, the project’s first phase will involve $12 mn and the second, $8 mn. It is expected to turn operational in June.
Chairman of the Vietnam Textile and Apparel Association Vu Duc Giang said the project aims at proactively sourcing raw materials, shortening production and delivery time and meeting strict quality requirements from customers in the garment industry.
Giang, who is also Chairman of VGG, said the factory will contribute to solving the shortage of fabric resources that is now a big obstacle for the domestic garment and textile industry, according to a report.
The factory will be built according to US green standards and will be the first green standard fabric factory in the country.