Vietnam : Hong Kong firm to invest in Vietnamese textile projects

InquiryNow

Please fill in your details to download the Table of Contents of this report for free. We also do customization of these reports so you can write to us at mi@fibre2fashion.com in case you need any other additional information.

Name

Company

Phone Number

Country

Comments

Advanced Search

Find Suppliers. Source Fibres. Register Now! | Ad

Home / Knowledge / News / Textiles / Hong Kong firm to invest in Vietnamese textile projects

Hong Kong firm to invest in Vietnamese textile projects

23
Aug '13

Hong Kong based Crystal Textile Group will invest approximately US$ 500 million for two upcoming textile projects in the Laiwu industrial zone located in the Hai Duong province of Vietnam.

At a press conference held by the Hai Duong Province People’s Committee, Nguyen Minh Quang, the Minister of Natural Resources and Environment of Vietnam, said the textile group would invest around US$ 425 million for the Pacific Crystal textile project and another US$ 120 million in projects to expand the core machinery, using more than 70 acres of land in the industrial zone.

The investment by the textile group for the new projects could also attract agricultural workers to the industrial zones, he added.

The Pacific Crystal project, with total investment of US$ 425 million, would use 35.1 acres of land in the industrial zone and would be completed in two phases; phase 1 would use 17 acres and phase 2 would use 18.1 acres of land. On completion, the project is expected to attract around 6,000 new employees to the industrial zone.

The second project to extend the core machinery would be set up with a total investment of US$ 120 million, and would also use 35 acres of land in two phases, where phase 1 would use 13.5 acres of land and phase 2 would require 21.5 acres land of the industrial zone.

The second project is expected to attract around 16,900 new workers to the Laiwu industrial zone.

The two projects are together expected to help utilize the fallow land in the industrial park and create jobs for local workers in the Hai Duong province, as well as attract other investors to the industrial zone.

Fibre2fashion News Desk - India

More Textiles News - Vietnam...

Must ReadView All

Textiles | On 25th Apr 2018

UNIDO, eWTP discuss strengthening ties to back e-commmerce

United Nations Industrial Development Organisation director general...

Apparel/Garments | On 25th Apr 2018

Making sustainability affordable is a big challenge

In a lot of instances, being sustainable comes with an additional...

Courtesy: Formosa Petrochemical Corporation

Textiles | On 25th Apr 2018

Formosa to set up petrochemical plant in Louisiana

Formosa Petrochemical Corporation has selected St. James Parish in...

Interviews View All

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Press Release

Letter to Editor

RSS Feed

Search Companies

Leave your Comments

April 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category

Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No Skip

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No Skip

Active Poll

Do you see sustainability as a route to business growth?

Yes

69.9%

12.6%

Skip

17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No Skip

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes

63.1%

29.1%

Skip

7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No Skip

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes

87.4%

8.7%

Skip

3.9%

Total Votes: 103

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes

82.5%

7.8%

Skip

9.7%

Total Votes: 103

E-News Insight

Subscribe Today and Get the
Latest News Update in Your Mail Box.