Cooperation deal between Quang Ninh and China’s Texhong
The northern province of Quang Ninh and China’s Texhong Textile Group signed an investment cooperation deal on August 28.
Chairman of the provincial People’s Committee Nguyen Van Doc pledged all-out support for the group to kick-start projects in the locality.
The group is considered a strategic investor in the province.
Texhong Textile Group Chairman Hong Tianzhu noted that local support has made foreign investors become more confident in doing business.
Last year, the group started construction on a US$300 million fiber plant in Hai Yen industrial zone, Mong Cai city. Once completed by 2017, it is expected to generate jobs for 4,500 local people.