First private Vietnamese investment project in US

(VOV) -A Vietnamese home furnishing product maker in the southern province of Vinh Long launched its first US-based investment in Arkansas’ Morrilton City on November 22.

The Vinh Long Import-Export Manufacturing Joint Stock Company (SJC) produce a wide range of home furnishing products made from natural fiber and mixed with industrial materials.

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Its major products include boxes, bags, baskets, placemat, furniture, decorative accessories, and carpets.

The US$5 million project in Morrilton city will manufacture kitchenware tailored to the North American market.

Arkansas Governor Mike Beebe welcomed Vinh Long’s decision to expand project in the city, saying it will help boost the city’s economic development.

Vietnamese Ambassador to the US Nguyen Quoc Cuong said the project is yet another demonstration of the fruitful economic and trade ties linking Vietnam and the US.

Based in Vinh Long city, the company’s 2012 revenue exceeded US$20 million. It is currently employing 10,000 workers.