Economy
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| Workers at a plant of GARCO 10. The company is targeting a 6 per cent rise in revenue in 2017 compared to last year. — Photo VNA |
Viet Nam News
HÀ NỘI — Garment 10 Corporation JSC (GARCO 10) is targeting a 6 per cent rise in revenue in 2017 compared to last year, its general director Nguyễn Thị Thanh Huyền said.
The company aims to earn a revenue of VNĐ3.1 trillion (US$136 million) and make a profit of VNĐ62.5 billion in 2017, Huyền said.
To achieve these objectives, GARCO 10 will take initiative and adopt austerity measures, besides prioritising product quality, improving labour productivity and enhancing corporate governance.
The company made a total estimated revenue of VNĐ2.9 trillion in 2016, which is a 6.42 per cent year-on-year increase and 2 per cent higher than its annual target.
The company contributed around VNĐ59 billion to the State budget last year, up 24 per cent against 2015.
With more than 9,000 professional workers, GARCO 10 is one of the largest companies in Việt Nam’s textile and garment sector. Over the years, the company has established co-operation relationships with several prestigious firms in the global fashion industry and exports its products to many countries. It annually produces around 21 million high-quality products of different types, more than 80 per cent of which is exported to European countries, the United States, Japan and Hong Kong. — VNS
