Textile group woos Taiwanese investor

March 14, 2011 | 11:00

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Textile group Vinatex will send a delegation to Taiwan to offer investment chances in its new industrial zone, said Vinatex Investment Joint Stock Company general director Vuong Tran Lam.

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Lam said the delegation will meet with more than 50 enterprises from Taiwan Association of Computational Mechanics, Taiwan Textile Federation and other manufacturers of agricultural products and consumer goods, to persuade them to invest in Bao Minh industrial zone in the northern province of Nam Dinh,

The delegation also expects to sign three contracts valued at around $2-$3 million each with several Taiwanese counterparts.

Earlier, the company worked with Taiwan’s two leading textiles companies on an agreement to rent 60 hectares in the Bao Minh industrial zone.

In addition, Vinatex Investment will hold investment promotion conferences in the Republic of Korea and Japan .

The Bao Minh Industrial zone, covering 165.3 ha of land in three communes of Lien Minh, Lien Bao and Kim Thai in Vu Bao district, is built with an investment of VND264 billion.

It targets investors involving in the production of garment and textile as well as high technique and environmentally friendly products.

VIR/VNA

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