China's Corp. to Build US$200 Mln Textile Plant in Vietnam
Texhong Vietnam, a unit of Shanghai-based Texhong Corp, has recently selected Cotec Construction Joint Stock Co. to build the second phase of its US$200 million textile factory in southern Vietnam.
The phase, set to be kicked off September 28 and finished by May 2008, will cost VND101 billion (US$6.31 million).
The factory will cover 30 square hectares in southern Dong Nai province’s Nhon Trach 5 industrial park, said a Coteccons official, adding that his company has finished the first phase several weeks ago.
The facility, regarded as the largest scaled in Vietnam, is the first investment deal of Shanghai Texhong into Vietnam.
As of April of 2007, China invested US$1.18 billion in 437 projects, ranking 14th among 77 countries and territories investing in Vietnam, said statistics from the Ministry of Investment and Planning. (Liberated Saigon)
Vietnamese
