A HanesBrands factory in Vietnam (Source:Internet)
 

 

HanesBrands, a US-based manufacturer of basic apparel essentials, plans to raise its total investment in Vietnam to touch nearly 55 million USD by the end of 2015.

This would be an increase of more than 11 million USD compared to that of 2014.

The investment proposal reaffirms HanesBrands’ strong commitment to serve Vietnam’s market and marks the country as a critical investment destination on the group’s global manufacturing map.

In 2014, with the inauguration of its third plant in Hung Yen province, HanesBrands Vietnam’s total exports surged to touch 334 million USD. The figure is expected to reach 355 million USD by the end of 2015.

The company’s annual production capacity is 475 million units, accounting for 20 percent of the group’s total production.-VNA