Taiwan group to invest US$150 mln in Ha Nam
Tai Yuen Co., Ltd, a subsidiary company of the Taiwan-based Yunlon Group, will invest in a project to build a textile mill worth US$150 million in the northern province of Ha Nam.
Chi Wei Kung, General Director of Tai Yuen, revealed the 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, and 2,500 cubic metres in the second phase, 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 Hanam-bassed is the first project invested by the Taiwanese group in Vietnam.