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Taiwanese firm to invest $100mn in Vietnam garment unit
29
Dec '14
United Textile Co. Ltd from Taiwan laid the foundation stone for a $100 million apparel factory in An Giang province.

The plant located in Xuan To Industrial Park in Tinh Bien District is to be set up in two phases.

The first phase of the garment stitching plant will come up on 54.7 hectares of land and employ around 12,000 workers and is expected to be operational in 2016-end.

Construction on the second phase, which will begin in 2017 will last till 2019, would also be employing an additional 11,000 to 12,000 workers.

In a statement, United Textile said if everything goes smoothly, they would scale up investment to $500 million. (AR)

Fibre2fashion News Desk - India

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