Cat Tuong and Top Textiles Vietnam sign land lease contract at Aurora IP

September 04, 2020 | 21:13
The signing ceremony of a land lease contract and land hand-over for factory construction among Cat Tuong Real Estate Group – the investor of Rang Dong Textile Industrial Park – Top Textiles Co., Ltd., and Jehong Textile Vietnam Co., Ltd. took place today at Rang Dong Textile Industrial Park.
cat tuong and top textile vietnam sign land lease contract at aurora ip

Tran Quoc Viet, chairman of the Management Board cum general director of Cat Tuong (left), and Tetsuya Fujimoto, director of public affairs at Top Textiles (right), signing the land lease agreement

"Prestigious" and "professional" are the words most frequently used when it comes to Cat Tuong Real Estate Group. In the southern region, the success of Cat Tuong Group is marked with a series of completed large-scale projects like Cat Tuong Western Pearl Urban Area (Vi Thanh city, Hau Giang province), Cat Tuong Phu Hung (Dong Xoai city, Binh Phuoc province), or Cat Tuong Phu Sinh (Long An province).

To become a leader in the real estate industry, Cat Tuong is gradually scaling up its operation, stretching from commercial real estate to resort and industrial real estate.

Aurora IP, also known as Rang Dong Textile and Garment Industrial Park, is located in Ninh Co Economic Zone over a total area of ​​nearly 14,000 hectares, including airports, seaports, and power plants, among others.

The area is set to become an international industrial park, attracting domestic and foreign investors. Phase 1 with the total planning of nearly 520ha is almost finished with the completion of associated infrastructure. Aurora IP is now eligible to attract and welcome investors in the fields of garment, textile-dyeing, supporting industries, and other services.

Even though the world is undergoing many challenges and difficulties caused by the COVID-19 pandemic and other complexities, Aurora IP still proves its attractiveness and unique value as a well-invested industrial park by closing a deal with a total investment surpassing $200 million for land lease contracts with two investors to develop high-tech textile and dyeing projects.

Top Textile Vietnam is a strategic project of Hong Kong's leading investor group and one of Japan's largest multidisciplinary economic groups. The launch of the project is expected to boost the evolution of the local textile and garment industry as well as an aid to the realisation of the global textile value chain restructuring strategy.

Jehong Textile Vietnam also marked success in attracting investors leading the state-of-the-art dyeing technology, enhancing its commitment to contributing to Vietnam's green manufacturing industry. As the global economy has been full of hardships, construction and operation activities in the sector have reflected a good prospect for sustainable growth in textile. It has also demonstrated the effective strategies of Nam Dinh province and capacity of Cat Tuong.

By Thuy Anh

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