Taiwanese investor Chung Jye invests in Hai Duong
The northern province of Hai Duong has granted an investment permit to the Chung Jye Vietnam Co., Ltd, a Taiwanese investor specialising in producing footwear for exports.
The US$13 million shoe factory project will cover nearly 77,757 square metres in Kim Thanh district. Once finished, the factory is expected to produce around 3.6 million products a year and generate jobs for 2,500 local labourers.
According to provincial officials, Hai Duong is sparing no effort in collaborating with ministries and agencies in investment promotion activities to lure funding from multinational and trans-national groups.
Various incentives have been given to underway foreign-invested projects, while the province has eased difficulties facing the developments and built investor trust in the local business climate.
The province has further boosted its administrative reforms by simplifying regulations across a wide range of fields, including investment, construction, land use, import-export, labour management and environmental issues.
It has worked closely with relevant agencies and other stakeholders to ensure security and safety for foreign investors in the locality.
Since the beginning of this year, Hai Duong has lured newly registered and additional investment of US$319.4 million from 15 FDI projects, up 116% year-on-year in value.
The locality now has 264 FDI projects invested by 23 countries and territories with a total capital of more than US$6.1 billion, of which US$2.7 billion has been disbursed.