Taiwan firm breaks ground for $100m garment plant

tohang

Taiwan's United Textile Co. Ltd. broke ground for a $100 million garment factory in the Mekong province of An Giang on Tuesday.

Taiwan's United Textile Co. Ltd. broke ground for a $100 million garment factory in the Mekong province of An Giang on Tuesday. — Photo Vnexpress

AN GIANG (Biz Hub) — Taiwan's United Textile Co. Ltd. broke ground for a $100 million garment factory in the Mekong province of An Giang on Tuesday.

The plant in the Xuan To Industrial Park in Tinh Bien District will be built in two phases. In the first phase, United Textile will build eight factories (workshops), eight warehouses and other facilities on 54.7ha and employ some 12,000 workers out of the 29,000 it is eventually expected to hire.

A factory that will employ 3,500-5,000 seamsters will begin operation next September.

Construction of the first phase is scheduled to be completed by the end of 2016.

Work on the second stage, with facilities to be built on 93.6ha, will last from 2017 to 2019 when another 10,000-12,000 workers will be hired.

The company said the total investment in the project would go up to $500 million if things go smoothly. —VNS

  • Share:

see also

Sev.en Global Investments plans large energy investments from Europe to Việt Nam

Sev.en Global Investments plans large energy investments from Europe to Việt Nam

Sev.en Global Investments, a prominent global investor based in the Czech Republic, is planning what will be the biggest investment from the nation into Việt Nam.
Seafood exports expected to exceed 10 billion in 2025: expert

Seafood exports expected to exceed $10 billion in 2025: expert

The achievement of the $10 billion export milestone in 2024 is attributed in part to efforts to open and strengthen connections with key markets such as the US and the EU.
UKVFTA provides a solid foundation for British businesses to expand investments in Việt Nam

UKVFTA provides a solid foundation for British businesses to expand investments in Việt Nam

The UKVFTA has fostered British investment in Việt Nam since its 2021 inception, says Britcham Chairman Denzel Eades.
Việt Nams GDP growth to outpace region peers: Oxford Economics

Việt Nam’s GDP growth to outpace region peers: Oxford Economics

Việt Nam will be the standout among the top six ASEAN economies (ASEAN-6), growing at a faster pace relative to its peers during the next few years, according to the Oxford Economics, a global economic advisory firm.
Brazil solidifies position as Việt Nams biggest trade partner in Latin America

Brazil solidifies position as Việt Nam's biggest trade partner in Latin America

With bilateral trade hitting US$7.1 billion in the first 11 months of this year, Brazil remains Việt Nam''s largest trading partner in Latin America.