Taiwanese firm kicks off $70 million footwear factory in Vinh Long province
By Quynh Nhu
August 01, 2018 | 08:07 AM GMT+7
Hoang Quan Mekong company and Ty Bach company has entered into an $8.2 million land rental contract in which the former has subleased 18.2 hectares in Binh Minh industrial park to the latter to construct an export-oriented footwear factory.
The contract signing ceremony between Hoang Quan Mekong and Ty Bach
Shortly immediately, Ty Bach company conducted the groundbreaking of the factory.
According to the certificate of investment, the factory will cover a total investment of over $69.3 million and have the production capacity of two million pairs of shoes per month and other products such as shoe soles, shoe pads, etc. The factory is expected to be put into operation by January 2019.
Ty Bach’s large-scale and high-tech factory will offer jobs for between 8,000 and 10,000 employees including workers and experts.
The cooperation between Hoang Quan Mekong and Ty Bach will be a lever to attract investment in Binh Minh urban area – port – industrial park in particular and other areas in the Mekong Delta in general.
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