Home Economy

HK textile firm invests $136m in Long An

Apr 23rd at 13:32
23-04-2014 13:32:52+07:00

HK textile firm invests $136m in Long An

The Long An Provincial People's Committee has approved in principle Huafa Company (Hong Kong) last week to invest in a coloured spinning plant (including cotton dyeing, spinning) in Thuan Dao Extension Industrial Zone (Long Dinh commune, Can Duoc District).

The plant, which covers 20ha, has total investment capital of US$136 million.

This project aims to build a cotton dying and coloured spinning plant to produce high quality fibre to meet domestic and export demand.

vietnamnews

MOST READ

NEWS SAME CATEGORY

Malaysia a top destination for Vietnamese tourists
ECONOMY Apr 23rd at 13:29

Malaysia a top destination for Vietnamese tourists

Malaysia's Minister of Tourism and Culture Dato' Seri Mohamed Nazri bin Abdul Aziz late last week praised the support from Vietnamese authorities, coordinators...

Pesticide makers seek Indian JVs
ECONOMY Apr 23rd at 13:28

Pesticide makers seek Indian JVs

Many local companies, especially members of the Viet Nam Pesticide Association, want to establish joint ventures with Indian firms to produce high-quality technical...

Profits can go abroad after paying due dues
ECONOMY Apr 23rd at 13:26

Profits can go abroad after paying due dues

To create a safe investment environment for foreign investors, Vietnamese laws guarantee their right to legally transfer profits abroad after completely discharging...

Firms grapple with IP issues
ECONOMY Apr 23rd at 13:25

Firms grapple with IP issues

Several domestic businesses have not paid much attention to the issue of registering for intellectual property rights and have even hesitated to cooperate with the...

Firms aim to join global supply chain
ECONOMY Apr 23rd at 13:24

Firms aim to join global supply chain

Small and medium-d enterprises in Viet Nam need to make more efforts to improve their competitiveness in the global supply chain, a workshop heard in HCM City...

US, ASEAN launch alliance to promote small-business growth
ECONOMY Apr 23rd at 13:18

US, ASEAN launch alliance to promote small-business growth

The US-ASEAN Business Council and the US Agency for International Development (USAID) on April 22 launched a partnership programme to promote the development of...

CPI up in Ha Noi, down in City
ECONOMY Apr 23rd at 13:16

CPI up in Ha Noi, down in City

The month-on-month consumer price indices (CPI) in the country's two biggest cities in April are dissimilar, with Ha Noi reporting a rise and HCM City enjoying a...

Thai retailer opens 10,000 m² mall in Vietnam
ECONOMY Apr 22nd at 13:51

Thai retailer opens 10,000 m² mall in Vietnam

A Thai retail corporation has officially marked its presence in Vietnam along with other plans to penetrate further into the country’s market by inaugurating a...

State-owned corporations lingering long over disinvestments
ECONOMY Apr 22nd at 13:50

State-owned corporations lingering long over disinvestments

State-owned corporations have cited many reasons for delaying the sale of stakes to withdraw their capital from non-core business fields.

Chinese laborers flock to Vietnam, live outside the law
ECONOMY Apr 22nd at 13:47

Chinese laborers flock to Vietnam, live outside the law

Mismanagement by local agencies is the only true explanation for the presence of thousands of illegal foreign workers in localities across Vietnam.

Read More

MOST READ

Back To Top