GRANTS A $10 MILLION INVESTMENT TO SCAVI, A
WORLD-LEADING APPAREL SUPPLIER HEADQUARTERED IN VIETNAM PIONEERING
SUSTAINABILITY IN THE RMG INDUSTRY
this operation, the third in a 15-year-long partnership, Proparco will
contribute to SCAVI’s growth and transition to 4.0 manufacturing.
Mr. Tran Van Phu (on the right), Chairman – Founder
of Group SCAVI at the meeting with Proparco’s representative.
The apparel sector
plays a major role in Vietnam’s development, being the country’s 2nd
largest exporting sector, contributing 16% to the country’s GDP and employing
2.5 million people.
SCAVI is a world-leading supplier of lingerie and
swimwear, having collaborated with more than 60 brands worldwide over its 33
years of existence. It now employs more than 15,000 people at its seven
production sites located across Vietnam, Laos and France. The Company is
well-known for its advanced Corporate Social Responsibility, social actions and
visionary strategy for a sustainable apparel industry.
Proparco’s $10 million loan will allow
accompanying SCAVI in the automation and digitalization of its
operations and will contribute to the optimization of its Hue factory,
including the construction of a new warehouse and offices.
This operation should support more than
20,000 direct and indirect jobs over the coming years. Due to the quality of SCAVI’s working conditions and its various commitments towards its female
represent 80% of its workforce, the financing qualifies to the 2X Challenge, a global gender
finance initiative Proparco has been contributing to since its launch in 2018.
This project will
contribute to Sustainable Development Goals #8 (Decent Work and Economic
Growth) and 9 (Industry, Innovation and Infrastructure).
Proparco is the private sector financing arm
of Agence Française de Développement Group (AFD Group). It has been promoting
sustainable economic, social and environmental development for over 40 years.
Proparco provides funding and support to both businesses and financial
institutions in Africa, Asia, Latin America and the Middle-East. Its action
focuses on the key development sectors: infrastructure, mainly for renewable
energies, agribusiness, financial institutions, health and education.
Its operations aim to strengthen the
contribution of private players to the achievement of the Sustainable Development
Goals (SDGs) adopted by the international community in 2015. To this end,
Proparco finances companies whose activity contributes to creating jobs and
decent incomes, providing essential goods and services and combating climate
change. For a World in Common.
SCAVI, the leader in Global Outsourcing
Services of Lingerie - Swimwear – Sportswear - Protective Clothing in Vietnam is an industrial subsidiary wholly
owned by Group Financière B'Lao. SCAVI employs 20,000 people in the world.
Established in 1988, SCAVI has the 1st Foreign Direct Investment (FDI) License
- all industries in Vietnam.
SCAVI pioneers to build a typical development
model mobilizing the RESPONSIBILITY of all partners: “4.0- HUB CLUB- 3P (3 times
That is the model of:
- 4.0: Moving forward the 4.0 Industrial
Revolution (synergy between Digitization and Automation) to develop:
- Hub Club: Unprecedented connected Club –
shared targets and shared processes to reach targets - between CUSTOMERS -
SCAVI - SUPPLIERS,
- 3P: 3 Times pioneer for RESPONSIBILITY.
Futher information: https://www.proparco.fr/en/actualites/proparco-supports-scavi-world-leading-apparel-supplier-headquartered-vietnam-pioneering