Taiwan firm foots bill for Dong Thap shoe factory

Monday, Jan 06, 2014 08:00

Taiwan's An Shen Co will build a US$40 million leather shoe factory in Dong Thap Province's Tran Quoc Toan Industrial Zone.— VNA/VNS Photo Le Lam

DONG THAP (Biz Hub)— Taiwan's An Shen Co will build a US$40 million leather shoe factory in Dong Thap Province's Tran Quoc Toan Industrial Zone.

This announcement was made following a memorandum of understanding (MoU) being signed between the company and local authorities late last week.

Following the MoU, the Taiwanese firm will join with HCM City-located Tien Hung Co to build the factory on 7ha.

The first phase, estimated to cost $10 million, will see workshops built and create 3,000 local jobs by the end of 2014.—VNS

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