The construction of a denim textile factory at the total cost of 40 million USD has been lately started in Hoa Xa Industrial Zone, Nam Dinh province.

The project is being carried out by TCE Group (Korea), Vinatex and Thien Nam Investment and Development Joint Stock Company. TCE is one of the leading groups of Korea in the textile and garment sector and has been partners to carry out business with enterprises worldwide.

The factory will be brought into operation in 2008 with an annual capacity of 30 million metres of denim fabric a year.

The factory is expected to recruit 600 local labourers.

Source: TBKT

Translated by Hoang Anh