HanesBrands Vietnam, one of the biggest subsidiaries of the world’s largest marketer of basic apparel whose headquarters are based in the US, is planning to increase the number of its factories and expand the scale of production in Vietnam, the group’s Vice President Jerry Cook has said.
Vietnam is willing to create favourable conditions for foreign companies, including those from the US, to invest and expand business and production in the country, said Vice Chairman of the National Assembly Phung Quoc Hien.
The Government of Vietnam will continue creating optimal conditions for US businesses, including Hanesbrands clothing company, to operate effectively in the Southeast Asian country, Deputy Prime Minister Trinh Dinh Dung affirmed on June 12.
US garment-textile and footwear businesses are seeking their own investment opportunities in Vietnam as their country has withdrawn from the Trans-Pacific Partnership (TPP) earlier this year.
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.
Hanesbrands Vietnam, a
subsidiary of the United States-based Hanesbrands Inc, opened its third
15-million USD factory in Kim Dong district in northern Hung Yen
province on November 21.
HanesBrands Inc., an American clothing brand, has decided to outsource
its production facilities to Vietnam and close its underwear factory
Cartex Manufactura in Costa Rica in November in a bid to maximise
profits.
The US business community has expressed its high appreciation of the
comprehensive measures the Vietnamese Government has been taking to
ensure the legitimate rights and interests of foreign institutions,
enterprises and individuals in Vietnam, as well as the absolute safety
and security of staff and property.
Business
