At a new factory in Vietnam owned by the American underwear company Hanesbrands, workers are turning out men’s briefs to be sold in the United States.
This plant in Wei, in central Vietnam, is one of the firm’s five new Asia factories, two in Vietnam, two in Thailand, and one in China. Hanesbrands’ Asia facilities opened in the past two-and-a-half years employ about 6,000 people.
JAVIER CHACON, Vice President, Hanesbrands, Inc.: Vietnam has, you know, a good labor force, you know, good labor costs, you know, good infrastructure, good energy costs, and it is convenient for our fabric location in China.
Hanes has 3 manufacturing plants in Vietnam
By end of 2014, the company expects to employ almost 10,000 employees in Vietnam, accounting for nearly 20 per cent of Hanesbrands’ global workforce
The company’s expansion is partly motivated by the benefit it hopes to enjoy after Vietnam joins the Trans-Pacific Partnership next year.
Src : http://www.vir.com.vn/hanesbrands-vietnam-opens-third-factory.html
The Trans-Pacific Partnership (TPP) is a proposed regional regulatory and investment treaty. As of 2014, twelve countries throughout the Asia Pacific region have participated in negotiations on the TPP: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States, and Vietnam.
The proposed agreement began in 2005 as the Trans-Pacific Strategic Economic Partnership Agreement (TPSEP or P4). Participating countries set the goal of wrapping up negotiations in 2012, but contentious issues such as agriculture, intellectual property, and services and investments have caused negotiations to continue into the present, with the last round meeting in Ottawa from 3–12 July 2014. Implementation of the TPP is one of the primary goals of the trade agenda of the Obama administration in the United States of America
Src : http://en.wikipedia.org/wiki/Trans-Pacific_Partnership