$50m footwear factory kicks off

tohang

A ground-breaking ceremony for the first stage of a plant manufacturing footwear for export was held by King Riches Footwear Viet Nam at the Viet Nam-Singapore Integrated Township and Industrial Park (VSIP).

The plant, which covers an area of 25.39ha with an investment of US$30-50 million, will be operational by May 2015.— Photo dddn

QUANG NGAI (Biz Hub)— A ground-breaking ceremony for the first stage of a plant manufacturing footwear for export was held by King Riches Footwear Viet Nam at the Viet Nam-Singapore Integrated Township and Industrial Park (VSIP) in the central province of Quang Ngai yesterday.

The plant, which covers an area of 25.39ha with an investment of US$30-50 million, will be operational by May 2015.

King Riches, a subsidiary of Kingmaker Footwear Group, opened its first plant at VSIP Binh Duong in 1999.

Construction on VSIP Quang Ngai, the fifth of its kind in Viet Nam, started last year. The park has drawn eight projects from seven investors with total investment capital of nearly $200 million. — VNS

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