|A delegation of officials from Vinh Phuc Province visits the TAL Group's Pen factory in Malaysia. The group will invest US$50 million in building a garment factory in the province. — Photo ipavinhphuc.vn
HA NOI (VNS)— Hong Kong's TAL Group will build a garment factory in the northern province of Vinh Phuc, according to Dau Tu (Investment) newspaper.
The group recently received an investment licence for its US$50-million project. The factory's products will be exported.
The factory, to be built on 8ha of land is expected to open by September next year. It will produce 12 million shirts a year and create stable jobs for 3,500 workers.
The TAL Group has been in Viet Nam since 2004, beginning with the $40-million Viet My textile and garment factory in northern Thai Binh Province's Phuc Khanh Industrial Park.
TAL has exported up to 90 per cent of its products to the United States under brand names such as Brooks Brothers and Banana Republic. — VNS