- Simone Preuss |
The Singaporean apparel arm of Hong Kong-based garment manufacturer TAL Group, TAL Apparel Limited, is planning to set up a 50 million US dollar factory in Vietnam’s northern province of Vinh Phuc to manufacture textiles, fabrics and garments. According to the Vietnam Investment Review, the company already received the green signal from local authorities for the project, which would be its second one in Vietnam.
The new textile plant will be spread out over an area of eight hectares and be part of the Ba Thien 2 Industrial Park. It will have the capacity to produce 12 million pieces per year and will employ about 3,000 people. The plant would likely become operational in September 2015.
The TAL Group already operates a textile and garment factory in Phuc Khanh Industrial Park in the northern province of Thai Binh. It was set up in 2004, when the company entered Vietnam for the first time, at a cost of 40 million US dollar. About 3,000 people are currently employed at this plant.
Worldwide, the TAL Group currently has production plants in 8 locations and employs around 25,000 people. The company specializes in producing quality men’s and women’s clothing for leading global brands. According to the company's website, TAL produces one out of every six dress shirts sold in the US.
The TAL Group is not the only international garment and textile producer showing an interest in Vietnam. The country is part of the twelve-nations Trans-Pacific Partnership (TPP) agreement and several leading textile and apparel firms have already announced that they are planning to invest in the country soon.