14:38 | 24/10/2016 Investment
A US$50 million garment plant invested by Hong Kong TAL Group has officially been operational in northern Vinh Phuc province.
TAL built the garment plant on an area of 8ha in Vinh Phuc province after receiving an investment licence in 2014. The plant is expected to produce and export around 12 million men and women’s shirts per year and generate 3,500 stable jobs.
TAL is one of world leading garment groups, which was set up in 1947 in Hong Kong. It set foot in Vietnam in 2004 with the establishment of the TAL Apparel Limited in Phuc Khanh Industrial Zone in northern Thai Binh province.
90% of TAL products have been exported to the US under brand names like Burberry, Brooks Brothers, Banana Republic and Tommy Hilfiger.
The group has so far had 11 plants in China, Thailand, Indonesia, Malaysia, Ethiopia and Vietnam with an output of 60 million shirts per year and created 26,000 stable jobs.
TAL President Roger Lee said the group will continue to invest in building textile plants with state-of-art and environmentally friendly technologies to join the global supply chain and contribute to promoting Vietnam garment brands on the world market./.