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INVESTMENT

US-based Hanesbrands expands operation in Vietnam

Updated at Wednesday, 12 Jun 2019, 16:58
The Hanoitimes - Hanesbrands production bases in Vietnam account for 26% of the company’s total production output and its exports from Vietnam reach US$400 million in 2018.
US clothing company Hanesbrands is expanding its operation in Vietnam, Jerry Cook, vice president of Hanesbrands, said at a meeting with Deputy Prime Minister Trinh Dinh Dung on June 12. 
 
Vietnam's Deputy Prime Minister Trinh Dinh Dung and Jerry Cook, vice president of Hanesbrands.
Vietnam's Deputy Prime Minister Trinh Dinh Dung and Jerry Cook, vice president of Hanesbrands. Source: VGP. 
Jerry Cook, who is also chairman of Customs and Trade Facilitation Committee under the US Council for International Business, said he seeks closer cooperation with Vietnam's government agencies in the fields of customs and taxes.

Cook expressed his thanks to the support from government agencies over the past years, adding US companies highly regarded the government’s effort in improving the business and investment environment. 

Hanesbrands currently has seven manufacturing facilities in Vietnam and employs nearly 12,000 workers. Its bases in Vietnam account for 26% of the company’s total production output and its exports reach US$400 million in 2018. 

At the meeting, Deputy PM Dung welcomed Hanesbrands’ decision to expand business in Vietnam and affirmed the government would continue to create favorable conditions for US companies, including Hanesbrands to do businesses in the country. 

The presence of US major corporations, including Hanesbrands, has played a major parts in promoting trade and investment relations between Vietnam and the US, Dung asserted. 

According to Dung, the comprehensive strategic partnership between Vietnam and US has been growing strongly in all spheres, focusing on trade, investment and economic relations. 
Ngoc Thuy
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