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Taiwan invests in textiles factory

Update: July, 19/2014 - 10:44

HA NAM (VNS)— Tai Yuen Co Ltd, a subsidiary company of the Taiwan-based Yun Lon Group, was given an investment licence yesterday to build a textile mill worth US$150 million in the northern province of Ha Nam.

The project, covering around 24 ha in Dong Van II Industrial Park, Duy Tien district, is expected to employ 5,000 workers.

Construction will begin in August and is expected to be completed within a year. Once operational, the mill will require around 1,500 cubic metres of water for its daily operation in the first phase and 2,500 cubic metres in the second phase. — VNS

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