DONG THAP (VNS)— Taiwan's An Shen Co will build a US$40 million leather shoe factory in Dong Thap Province's Tran Quoc Toan Industrial Zone.
This announcement was made following a memorandum of understanding (MoU) being signed between the company and local authorities late last week.
Following the MoU, the Taiwanese firm will join with HCM City-located Tien Hung Co to build the factory on 7ha.
The first phase, estimated to cost $10 million, will see workshops built and create 3,000 local jobs by the end of 2014. — VNS