Taiwan's investment project in Ha Nam
Tai Yuen Co., Ltd, a subsidiary company of the Taiwan-based Yunlon Group, will carry out a project on high tech textile mill worth 150 million USD in Ha Nam.
Chi Wei Kung, General Director of Tai Yuen, revealed the good news at a working session with provincial leaders on May 5.
The project, covering around 24 ha in Dong Van II Industrial Park, Duy Tien district, needs some 5,000 workers for its operation.
Construction will begin in August and is expected to be completed in 12 months.
Once operational, the mill will require around 1,500 cubic metres of water for its daily operation in the first phase, later increasing to 2,500 cubic metres, said the business executive while expressing his wish that the province will ensure a stable water supply for the factory.
He also pledged to treat waste produced by the plant in accordance with Vietnam’s environmental standards.
Yunlon is one of Taiwan’s largest multidisciplinary groups, specialising in automobile manufacturing and textile industries. The mill in Ha Nam province is the first project invested by the Taiwanese group in Vietnam.
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Vietnam news in brief - August 24
Read The Hanoi Times to stay up to date on developments in Vietnam.
- Growing number of FDI firms moving to Vietnam
- Vietnam Gov’t committed to facilitating Adani Group’s US$2-billion port project
- Vietnam Railway proposes US$87 million for Hanoi–Dong Dang railway upgrade
- Vietnam’s North-South high-speed railway to be designed for 350km/h
- Vietnamese gov’t urged to address impact of global minimum tax
- Samsung plans drastic investment increase in Vietnam over next three years