The northern province of Quang Ninh and China's Texhong Textile Group signed an investment co-operation deal in the city on Wednesday.— Photo baoquangninh

QUANG NINH (Biz Hub)— The northern province of Quang Ninh and China's Texhong Textile Group signed an investment co-operation deal in the city on Wednesday.

At the signing ceremony, Chairman of the provincial People's Committee Nguyen Van Doc pledged the provision of all possible support for the group to kick-start projects in the locality.

He said Quang Ninh considers Texhong Textile Group as its strategic investor.

Chairman of Texhong Textile Group Hong Tianzhu, for his part, noted that the province's support has made foreign investors, especially Texhong, more confident in doing business in the locality.

Last year, Texhong started construction on a US$300 million fiber plant in the Hai Yen industrial zone, Mong Cai City. Once completed in 2017, it is expected to generate jobs for 4,500 local people.—VNS