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Denim factory attracts FDI

13
Feb '07
According to Vietnam Textile and Garment Corporation (Vinatex), major textile and apparel projects are trying to lure foreign investment capital in the country.

A statement released by Vinatex reveals the Thien Nam Company and Teachang Corporation from South Korea are installing a denim factory in the country and the foreign company will be investing about 60 percent of the capital.

The factory is expected to have an output of approximately 30 million metres per year, and will be operational by 2008.


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