Ninh Bình eyes $20 million textile plant

Ninh Bình eyes $20 million textile plant

The plant is expected to strengthen raw material supplies and improve links among businesses across the textile and garment value chain, particularly in yarn production, fabric manufacturing and textile finishing.

A representative of the Ninh Bình Economic and Industrial Zones Management Board presents an investment registration certificate to a representative from Star Viet Yarn Co. —VNA/VNS Photo

Star Viet Yarn Co has been granted an investment certificate for a US$20 million textile manufacturing plant at Aurona Textile Industrial Park in Ninh Bình Province.

The certificate was awarded on Wednesday by the provincial Economic and Industrial Zones Management Board. 

Backed by Hong Kong-based Gold Cotton Trading Co, the plant will cover more than 7ha. It is designed to produce 20,000 tonnes of cotton yarn and sewing thread annually. Construction is scheduled to begin in the second quarter of 2027.

The plant is expected to strengthen raw material supplies and improve links among businesses across the textile and garment value chain, particularly in yarn production, fabric manufacturing and textile finishing.

Nguyễn Vũ Chiên, deputy head of the provincial Economic and Industrial Zones Management Board, said Ninh Bình is prioritising selective investment in modern, efficient and sustainable industrial development.

He called on the investor to implement the project in line with its registered objectives, scale and schedule, while complying with regulations on investment, construction, environmental protection, fire safety and occupational safety.

The industrial park's infrastructure developer is also asked to ensure adequate electricity, water supply and wastewater collection and treatment facilities.

Nguyễn Quốc Thảo, deputy general director of operations at Aurora IP, said the nearly 520-ha industrial park is being developed as a specialised hub for the textile and garment industry, covering yarn production, weaving, dyeing, finishing, garment manufacturing and supporting industries. 

The park is targeting investment in key segments of the textile value chain, including yarn production, fabric weaving, dyeing, finishing and recycled textile materials, to support domestic sourcing, supply chain traceability and more efficient resource use.

Aurora IP has attracted investors from several countries and territories, including Japan, Hong Kong, Taiwan (China) and mainland China. 

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