HA NOI (VNS) — The Phu Hung cotton plant will officially begin operations in August in the central province of Thua Thien-Hue's Phu Bai Industrial Park. With a total investment of VND258 billion (US$12.2 million), the plant invested by the Viet Nam National Textile and Garment Group (Vinatex) is expected to export products to Turkey and Taiwan.
The plant has an annual capacity of 21,600 spools and once completed, will generate jobs for 200 workers and produce 100 per cent cotton yarn with an average output of 240 tonnes per month.
A development strategy for the garment industry was approved by the Prime Minister and the Ministry of Industry and Trade for the Central Region. — VNS