Japanese owned garments factory opens in Hue

The Japanese based company ‘Tokyo Style’ opened a new factory in the central province of Thua Thien-Hue on June 26.

The Hue factory has 100% of the investment capital coming from Japan, and an operation for a period of 50 years.

The US$21 million factory is located in Phu Bai Industrial Zone on a site of 22,750 square metres.

The factory has the capacity to produce approximately 500,000 garments a year, with only 5% to be sold on the domestic market.

In the future, the company hopes to raise domestic sales to 30%.

VNA