The predecessor of Phong Phu Corporation was the Sicovina - Phong Phu Industrial Zone, under the Vietnam Cotton Industry Company. The factory laid its first stone on October 14, 1964, and officially began operations in 1966. Over 60 years of formation and development, Phong Phu has grown tremendously in all aspects and has been honored by the Party and the State with the title of Labor Hero. It is a leading enterprise in the closed production chain of the Vietnam Textile and Garment Group. Operating with the vision and mission to become a leading powerful economic enterprise specializing in the textile and garment sector, continuously innovating and growing stronger. Currently, Phong Phu Corporation holds 2.25% of the shares in Saigon - Rach Gia Hotel.