The Vietnam Textile and Garment Group (Vinatex) will invest 210 billion VND (91 million USD) into building its second factory in the Mekong Delta province of Kien Giang.
Kien Giang (VNA)♍ – The Vietnam Textile and Garment Group (Vinatex) will invest 210 billion VND (91 million USD) into building its second factory in the Mekong Delta province of Kien Giang.
Construction of the 3.7 ha factory in An Bien district will start on March 14 and is expected to be completed in the first quarter of 2017.
The factory will have 32 production lines with a total capacity of 12 million products per year, bringing in annual revenue of about 850 billion VND (nearly 37 million USD).
It is expected to generate jobs for about 2,000 people and contribute about 5 billion VND (218,000 USD) to the State budget per year.
Last year, the group put into operation its first factory in Go Quao district, employing 2,000 locals.
So far, Vinatex and its affiliates have invested in 11 plants in the Mekong Delta region, creating 23,000 jobs.-VNA
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Illustrative photo (Source:Internet)
