To realise this target, the company will take measures to improve the efficiency of investment projects, expand investment and shift toward green production. The company will invest in new production technologies, particularly automation, and business administration. Apart from expanding human resources training, Viet Tien will build an advanced labour administration and improve the living standards of workers via upgrading the salary system, offering Tet bonuses and supporting poor workers. The company will launch emulation campaigns to enhance productivity, encourage thrift practice, and increase added values of products, as well as improve income and working conditions for employees. It will focus on developing brands and distribution channels, striving to become a multinational economic group. Last year, Viet Tien earned VND14.1 trillion (US$627.1 million) in revenue, up 11.4%. Of which the parent company recorded VND8.29 trillion (US$368.6 million), up 12% and its subsidiaries grossed VND794 billion (US$35.1 million), up 1.5%. Pre-tax profit hit nearly VND695 billion (US$30.7 million), while export turnover was estimated at US$871 million, of which revenues from the Japanese market made up 32%, the US 22%, and the EU 17%. The average income of workers was VND8.9 million (US$393.3), up 1.7%.
Vietnam Business Forum talked with Mr Nguyen Dinh Truong, general director of Viet Tien Garment Corporation and deputy general director of Vietnam National Textile and Garment Group (Vinatex) a Labour Hero in the Renovation Process, on some achievements of the group over the past time as well as Vinatex's experience accessing the U.S. market. Could you please tell us about operations after Viet Tien was shifted to a holding company? The establishment of Vinatex group operating in the form of holding company is a turning point in the company's development process, lifting Viet Tien to a new high toward diversifying…... [read more]
Viet Tien Garment Co. is the largest garment company in Vietnam and its products have been exported to many countries in the world. The well-reputed Viettien trademark has won the confidence of Vietnamese consumers. After 30 years of effectively carrying out strategies, target programmes, synchronous production and management measures, rationalising inputs, applying advanced technologies and carrying out market-centred plans, the company has developed in both business size and economic efficiency. To date, Viet Tien Garment Co. is running 34 production and business units in Ho Chi Minh City and several provinces and cities in the country. In the integration tendency,…... [read more]
VietNamNet Bridge - As many as 28 million shares of the Viet Tien Garment Corporation, one of the largest garment companies in Vietnam, will be traded on the UpCom transaction floor as of October 10. At the reference price of VND40,000 per share, Viet Tien is valued at approximately VND1,120 billion, equivalent to $50.2 million. Viet Tien Garment is among the garment enterprises in Vietnam with the largest revenue. In 2015, the company obtained more than VND6,400 billion of revenue and post-tax profit of VND331 billion (over $15 million). In 2014, its revenue and profit was VND5,482 billion and VND312…... [read more]
HA NOI (Biz Hub) — Viet Tien Garment Joint Stock Corporation planned to reach a pre-tax profit of VNĐ305 billion (US$13.6 million) this year, up one per cent over last year.The company's general director, Bui Van Tien, announced the plan at its shareholders' meeting late last week.The firm also projected a turnover of VND6.7 trillion for 2016, a year-on-year increase of 6.2 per cent. It was expected to pay dividend at a rate of at least 25 per cent, and assure an average workers' income of VND8.8 million per month.ADVERTISINGinRead invented by TeadsTiến said the company would spend some VND700…... [read more]
In collaboration with Laos’ Dok Champa company, the Viet Tien Garment Joint Stock Company on April 8 opened its first outlet in Vientiane, Laos, marking its entrance into the neighbouring country. The move is reportedly part of the firm’s strategy to expand its export market. The firm, one of the leading garment producers in Vietnam , is working with more than 50 partners in the world. The shop’s opening is a significant event in the bilateral economic and trade relations and it will boost the development of Lao garment sector, said On Si But Vongsac, Chairman of the Association of…... [read more]
