The Duc Giang Corporation (Dugarco), one of Vietnam’s leading garment enterprises, has signed a cooperation contract with Hong Kong (China)’s largest listed garment firm, Luen Thai Holdings.
This move is part of efforts the corporation is making to integrate more deeply into the world garment market, especially with a raft of advantageous free trade agreements anticipated to be ratified soon.
According to the President of Dugarco’s board of directors, Hoang Ve Dung, under the contract Luen Thai will buy 51 percent of the shares of the Duc Hanh Garment Joint Stock Company, one of Dugarco’s subsidiaries.
He expressed his hope that, by sharing market, technology and administrative experience with Hong Kong’s leading garment firm, the company’s revenue and profits will enjoy five-fold increases.
Established in 1990, the Duc Giang Corporation now has nine subsidiary companies, with nearly 10,000 staff working in 22 factories.-VNA
This move is part of efforts the corporation is making to integrate more deeply into the world garment market, especially with a raft of advantageous free trade agreements anticipated to be ratified soon.
According to the President of Dugarco’s board of directors, Hoang Ve Dung, under the contract Luen Thai will buy 51 percent of the shares of the Duc Hanh Garment Joint Stock Company, one of Dugarco’s subsidiaries.
He expressed his hope that, by sharing market, technology and administrative experience with Hong Kong’s leading garment firm, the company’s revenue and profits will enjoy five-fold increases.
Established in 1990, the Duc Giang Corporation now has nine subsidiary companies, with nearly 10,000 staff working in 22 factories.-VNA
