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More and more Chinese investors keen on Vietnam market
By Bach Nhat 13:58, 2014/04/18
Chinese investment in Vietnam rose to US$2.3 billion in 2013, up sharply from the US$345 million in 2012, according to the Ministry of Planning and Investment’s Foreign Investment Agency.

Substantially all of the massive influx of investment in the nation is flowing into the garment and textile and real estate sectors, causing quite a stir in the arena of public opinion.

Recently the Nam Dinh Provincial People’s Committee of approved the issuance of an investment license to Chinese garment and textile giant Jiangsu Julun Textiles Group Co.. Ltd to construct a US$68 million manufacturing facility on an 80,000 sq. m area of the Bao Minh Industrial Park.

When fully operational, the factory specialising in the production of yarn, will have a total annual production capacity of 9.816 tonnes per annum, suitable for the production of textiles, sewing, crocheting, knitting and weaving.

Investors will provide the much needed funds to fuel Vietnam’s production of raw materials, components and supplies in the garment sector, generating jobs and taxes to the State.

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