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Vinatex pledges to reduce production costs

Update: February, 18/2012 - 09:57

HA NOI — The Viet Nam National Textile and Garment Group (Vinatex) and its member companies committed to reducing production costs in accordance with a guideline from the Government and the Ministry of Finance.

Under the guideline, Vinatex set a target of minimising managerial and production costs from 5 to 9 per cent, bringing a profit of VND1.6 trillion (US$76 million). To achieve the target, the group will focus on applying advanced management methods, trial models, focused materials and inter-inventory among business sectors to reduce liquid capital as well as save energy.-VNS

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