Korean Dong-IL Group builds first textile factory in Vietnam
(VOV) - June 3 marked the start of construction by the Republic of Korea’s (RoK) Dong-IL group on its first textile factory in Vietnam at Loc An-Binh Son Industrial Zone in Long Thanh district, Dong Nai province.
The facility, to be built on 12ha at a cost of nearly US$52 million, will have an annual capacity of 9,000 tonnes of products.
Dong –IL leaders said when the Posco E & C Vietnam factory is put into operation in 2015 as scheduled, it will generate hundreds of jobs for local people and its products will be exported to Asian markets.
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Phan Thi My Thanh, Vice Chairwoman of the Dong Nai provincial People’s Committee, said 31 out of 35 industrial zones have been built on nearly 10,000ha in the province. They attracted more than 1,100 foreign direct investment (FDI) projects with a combined capitalisation of nearly US$20.6 billion.
The RoK ranks second among foreign investors in the province with 276 projects capitalized at more than US$4 billion.
Thanh expressed her hope that Dong-IL group and other Korean businesses in the province will help lure more Korean investors to the locality.