Vietnam, China Firms Set Up Wool Knitting Ltd. Co

Nam Dinh Silk Textile Joint-Stock Company (Nasilkmex), China’s Changshu Hoabo wool knitting company and the Dong A Wool, a Japan-China joint venture, signed together September 8 a contract to build the Dong Nam wool knitting limited company in Vietnam’s northern province.

 

The company, to be situated in the Hoa Xa industrial zone, has investment capital of US$2 million.

 

It will be able to produce 360,000-600,000 meters of wool cloth per year, bringing in estimated revenue of US$3 million-US$5 million per annum. (Vietnam Economic Times)