HA NOI — A 100 per cent Japanese invested garment factory was officially inaugurated in the central province of Thua Thien-Hue yesterday.
The Tokyo Style facility has total investment capital of US$21 million and an operation duration of 50 years.
Located in Phu Bai Industrial Zone, the factory has a production capacity of 500,000 garments a year. For the time being, 95 per cent of its products will serve for exports.
The factory plans to double its annual production capacity to one million items by 2015 and increase its domestic market share to 30 per cent in the next couple of years, fetching a production value of $8 million a year.-VNS