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Taiwanese firm to invest $50 million in VN

Oct 22nd at 11:15
22-10-2015 11:15:22+07:00

Taiwanese firm to invest $50 million in VN

Leading Taiwanese apparel maker Eclat Textile plans to increase its production capacity in Viet Nam to benefit from the Trans-Pacific Partnership free trade pact, Asia.nikkei.com reported.

The company, which supplies major clients such as Nike and Adidas under outsourcing contracts, will invest US$50.5 million to upgrade two factories. The expanded capacity will top 5 million pieces of clothing each month.

Meanwhile, Taiwanese media reported that $40 million will be spent on a factory in Ba Ria-Vung Tau Province and $10.5 million on another plant in Dong Nai Province. Construction of these factories will start in early 2016.

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