A representative of Scavi, a company specializing in lingerie, swimwear and sportswear, announced the business plan today, August 1. Last year, the firm had earned US$150 million in revenue, up by 40% year-on-year.

To meet the targets, Scavi will continue to promote comprehensive cooperation with its partners, enhance its services and encourage business expansion to ASEAN countries, particularly Indonesia, as well as foster international material chains in Vietnam, said Tran Van Phu, chairman of Corèle International Group.

In addition, the firm will focus on enhancing its technology and deploying digital applications and automation in operations, Phu added.

Vu Duc Giang, chairman of the Vietnam Textile and Apparel Association, said textile and garment companies that can earn US$200 million in annual revenue account for a mere 0.33% of the 6,000 firms in the country. The sales target of Scavi Vietnam proves that the firm is expecting to make hefty profits in Vietnam.

Giang remarked that the target is completely feasible as Scavi already operates four sewing plants, with total investment capital of US$5 million, in the industrial zone of Phong Dien in Thua Thien-Hue, with 150 sewing lines and 7,000 staff in total.

Scavi Vietnam was launched in the country in 1988.