Hong Kong group set to further investment in Binh Duong
Hong Kong’s Esquel Group - one of the world’s leading producers of premium cotton shirts – plans to expand investment and production in the southern province of Binh Duong in the coming time.
Esquel CEO and chairwoman Marjorie Yang revealed the information during a meeting with Chairman of the provincial People’s Committee Le Thanh Cung on June 5, during which she also expressed her hope that the local authorities will work harder to ensure the legitimate interests for investors operating in the locality.
According to Yang, Esquel opened three plants in Vietnam’s Binh Duong, Dong Nai, and Hoa Binh provinces, contributing to the localities’ socio-economic development, as well as creating a large number of jobs for local people.
For his part, Cung pledged to create favourable conditions for Esquel to foster its production and investment, vowing to ensure public order and safety for the businesses.
In March this year, Esquel inaugurated its third garment factory in Hoa Binh province, which is expected to produce about 7 million shirts for export a year.
Apart from Vietnam, Esquel also has many plants in other Asian nations and Africa. With a total of about 60,000 employees, the group manufactures garment products for the world famous brands such as Ralph Lauren Tommy Hilfiger, Nike, Hugo Boss, Brooks Brothers and Lacoste.
The group now earns more than US$200 million each year from exports produced at its factories in Vietnam and generates jobs for 10,000 Vietnamese workers.