Vinatex set to go public in first half

The Vietnam National Textile & Garment Group (Vinatex) is set to go public in the first half of this year as part of its restructuring scheme, according to deputy director general Le Tien Truong.

Reviewing the company’s recent performance, he hailed 2013 as a successful year for Vietnam’s clothing sector, with more than US$20bn in export turnover and a growth of nearly 18% ensuring expectations were surpassed.

Vinatex alone achieved exports worth US$2.95bn, a growth of 14% compared with the previous year.

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