20/01/2014
On 15th January 2014, leaders of the Provincial People’sCommittee (PPC) and leaders of several Departments and sectors had a meetingwith the Vietnam Textile and Garment Group (Vinatex)and Bien Dong Seafood Company Limited to discuss investment in a garmentcomplex and shrimp processing plant for export in Binh Dinh
Photo: View of the meeting
Accordingly, the PPC approves in principle for VINATEX to build a closed garment production complex for export. About 30 thousand tons of yarn is expected to be produced and a total capital of approximately USD 120 million invested. In addition, VINATEX also plans to study the possibility of investing a textile dyeing plant with capacity of 60 million products/year, capital of USD 100 million and investment in 8-10 export garment plants with total capital of approximately USD 30 million, construction of the supermarket chain and direct sales channel in Binh Dinh.
In the mean time, the PPC approves for Bien Dong Seafood Company Limited to study the construction of a shrimp export processing plant, capacity of 20 tonnes/day, capital of about USD 15 million.
At the meeting, the Bank for Investment and Development of Vietnam and VINATEX signed an agreement on financing and expanding technological innovation towards Trans-Pacific Strategic Economic Partnership Agreement (TPP).