Vinatex confirms flotation plans - sportstextiles: Lea SportsTextiles

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Vinatex confirms flotation plans

12/03/2014
Vietnam’s largest textile group Vinatex has scheduled an initial public offering for the second quarter of this year, aiming to sell 49% of the company to investors.

In 2013, the country’s textile and garment exports earnings were estimated at $20.4 billion, with exports to the US up 14%, EU exports up 9% and Japan up 20%.

Brands are now eyeing the country as a major supplier of garments and textiles, as it is expected to benefit from the incoming Trans Pacific Partnership, details of which have not been finalised. A number of Chinese firms have already invested in mills in the country in anticipation of the trade deal’s benefits.



Related stories:

Vinatex IPO falls short 22/09/2014
Leap for Vietnam’s textile exports 15/05/2014
Vietnam: Taiwanese group plans $150m textile plant 09/05/2014
Vietnam’s pollution regulations could deter textile firms 31/03/2014
Vietnam adds value to apparel and achieves export growth 07/03/2014
FDRA says support is growing for footwear to have no special TPP treatment 25/11/2013
New Vinatex complex to provide nearly 5,000 textile jobs 13/11/2013
Question marks over TPP status for Vietnamese apparel 14/08/2013
Higher H1 textile exports for Vietnam 21/06/2012
Vinatex wants to raise capital to invest in production expansion 06/01/2012
NCTO opposes free trade negotiations with Vietnam 06/03/2009

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