Vietnam:Textile group woos Taiwanese investor

Textile group Vinatex will send a delegation to Taiwan (China) to

offer investment chances in its new industrial zone, said Vinatex

Investment Joint Stock Company General Director Vuong Tran Lam.

Lam said the delegation will meet with more than 50 enterprises

from the 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 165.3-ha zone covering three communes of Lien Minh, Lien Bao

and Kim Thai in Vu Bao district with a capitalisation of VND264

billion aims to target investors towards the production of

garment and textile as well as high-tech and environmentally

friendly products.

The delegation expects to sign three contracts valued at around

US$2 to 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 Bao Minh

industrial zone.

In addition, Vinatex Investment will hold investment promotion

conferences in the Republic of Korea and Japan.

VOVnews