Japan’s Itochu picks 10% more stake in Vietnamese textile group Vinatex

A line of garment processing in Vietnam (Source: Internet Archive)

Japanese general trading firm Itochu Corporation has become the second-largest shareholder of Vietnam National Textile and Garment Group (Vinatex) after picking up an additional 10 per cent stake for 5 billion yen ($46.9 million), the Nikkei Asian Review reported.

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