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Vinatex top textiles and garment maker of Vietnam get approval to sell 24pc stake ahead of IPO

Related Keywords: approval, free-trade deal, IPO, sell stake, textile and garment maker, TPP, two domestic property firms, Vinatex, yarn forward rules

Vinatex, Vietnam's top textiles and garment maker gets approval to sell a combined 24 percent stake to two domestic property firms, among them Vingroup, ahead of the state-run firm's IPO next week. Vinatex will sell 10 percent to Vingroup, the country's third-biggest listed firm by market value, and 14 percent to the unlisted Vietnam Investment Development Group, Vinatex said.

Trade pact to help Vietnam textile and garment sector expand into major market

Related Keywords: Customs Union, Customs Union Russia, free trade pact, garment sector, TPP, Vietnam-EU Free Trade Agreement, Vietnamese textile industry, Vinatex

The Vietnam National Textile and Garment Group’s (Vinatex) deputy general director, Le Tien Truong during the conference in Ho Chi Minh city held to discuss the group’s public offering state that there is a growth witnessed in the garment and textile sector, its clothing exports have grown more than 15 percent annually since 2001 while the garments make up over two percent of global market share.
 

Vinatex plans to sell stakes to fund restructuring and boost profit

Related Keywords: global trade, stakes, stitching, Trans-Pacific Partnership, Vietnamese textile industry, Vinatex, weaving and dyeing, yarn production

Vietnam's top textiles manufacturer, Vinatex or Vietnam National Textile and Garment Group to fund restructuring and boost profit plans to sell stakes, in a listing it hopes would accede with the agreement of the Trans-Pacific Partnership (TPP) - a 12-nation pact that would cover a third of global trade.
 
Vinatex will conduct its IPO on the Ho Chi Minh Stock Exchange on July 22, offering 24.4 percent of the company, or 122 million stakes, at a starting price of 11,000 dong (52 U.S. cents) each.
 

Vinatex signs for loan package with BIDV to bring improvement in textile sector this year

Related Keywords: Vietnamese textile industry, Vinatex

The Vietnam National Textile and Garment Group (Vinatex) has entered into an agreement with the Bank for Investment and Development of Vietnam (BIDV), under the agreement signed BIDV will lend US$600 million to Vinatex in the period from 2014 to 2016. The loan package is signed to improve the textile firm production efficiency, invest in more projects, and upgrade their manufacturing technology.

Vinatex to construct textile complex to make yarn and fabrics in Hai Phong

Related Keywords: new textile complex in veitnam, textile project in Hai Phong, Trans-Pacific Partnership, Vietnam National Textile and Garment Group, Vinatex

Vinatex (Vietnam National Textile and Garment Group) has plans to build a new textile complex to manufacture yarn and fabrics in the An Lao district of Hai Phong. This is in line with its policy of building projects in the region.

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