HanesBrands, the US-based apparel company, plans to increase its number of factories in Vietnam.
This announcement was made by Jerry Cook, Vice President, HanesBrands, during his recent meeting with the Deputy Prime Minister of Vietnam Trinh Dinh Dung.
Cook also said that he expects more support and cooperation from the Government agencies in Vietnam especially in the areas of customs and taxes.
The Deputy Prime Minister expressed happiness over HanesBrands’ decision to expand in Vietnam and assured that the Government of Vietnam is committed to provide complete support to HanesBrands and other US companies to establish in Vietnam.
He also added that several American firms including HanesBrands played an important role in strengthening trade and investment relations between both the countries.
HanesBrands, at present, has 7 plants in Vietnam, which contributes 26 per cent of Group’s total global output. Back in 2017, HanesBrands Vietnam launched its cutting workshop to complete the supply chain.
Notably, the reputed American firm, which mainly manufactures panties, bras and underwear among other products, had an export turnover of US $ 400 million in 2018 from Vietnam.
2019 could be big for HanesBrands Vietnam!