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| Photo dantri |
NAM DINH (Biz Hub) —The Jiangsu Julun Textiles Group Co, Ltd of China will build a factory worth US$68 million in the Bao Minh industrial park in Vu Ban District.
The People's Committee of the Song Hong (Red River) Delta province of Nam Dinh has granted an investment licence to the Chinese company.
Covering an area of 80,000sq.m, the factory will produce 9,816 tonnes of yarn, woven cloth of 21.6 million metres and dyed cloth of 24 million metres. The construction of the factory, whose land lease contract is for 46 years, is scheduled to be completed in June 2016. — VNS