Vinatex and PVN sign raw material agreement

The Vietnam Oil and Gas Group (PVN) and the Vietnam National Textile and Garment Group (Vinatex) have signed a strategic co-operation agreement regarding the purchase of polyester fibre produced by Dinh Vu PetroVietnam Petrochemical & Textile Fiber (Dinh Vu PVTEX).

Vinatex has committed to purchasing as much fibre products from Dinh Vu PVTEX as possible and to use no less than 50% of that purchased in its production.

PVN, meanwhile, has committed to directing Dinh Vu PVTEX to provide polyester fibre products of good quality and at competitive prices for Vinatex.

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