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Korean firm to set up $14mn textile plant in Vietnam
Jun '13
The authorities of Vietnam’s southern province of Dong Nai have granted license to South Korean firm JungWoo Vina Co. Ltd. for setting up a US$ 14 million textile plant.
The new plant would be constructed on an area of 4 hectares of land in Tan Tao garment and textiles industrial zone in Nhon Trach district of the province, and would specialize in fabric production, according to Vietnam Plus report.
In 2005, the South Korean firm invested US$ 15 million in a textile plant in Long Thanh industrial zone.
In recent years, Dong Nai province has become one of the leading Vietnamese provinces in attracting foreign investment.
So far, the province has attracted US$ 546 million in foreign investment this year, taking the total foreign investment in the region to US$ 23.4 billion.

Fibre2fashion News Desk - India

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