Cotton yarn mill operational in Binh Duong
A cotton yarn mill was put into operation in the southern province of
Binh Duong on May 10 after more than 10 months of construction on the
first phase of the facility.
A cotton yarn mill was put into operation in the southern province of
Binh Duong on May 10 after more than 10 months of construction on the
first phase of the facility.
The initial phase received 40 million USD of investment from Kyungbang Vietnam Limited Liability Company under the Kyungbang Group, one of the leading yarn and fabric manufacturers in the Republic of Korea .
Located in Bau Bang industrial zone in Ben Cat district, the 25,920-spindle mill is equipped with Swiss and German equipment and can produce 6,600 tonnes of yarn per annum, serving the garment and textile industry, one of the country’s leading foreign currency earners.
When the plant is extended in its second and third phase (with registered investment of 160 million USD), it is expected to be the largest mill in Asia, said Kim Joon, General Director of Kyungbang Group.-VNA
The initial phase received 40 million USD of investment from Kyungbang Vietnam Limited Liability Company under the Kyungbang Group, one of the leading yarn and fabric manufacturers in the Republic of Korea .
Located in Bau Bang industrial zone in Ben Cat district, the 25,920-spindle mill is equipped with Swiss and German equipment and can produce 6,600 tonnes of yarn per annum, serving the garment and textile industry, one of the country’s leading foreign currency earners.
When the plant is extended in its second and third phase (with registered investment of 160 million USD), it is expected to be the largest mill in Asia, said Kim Joon, General Director of Kyungbang Group.-VNA
You should also see
📝 OP-ED: Party personnel work requires thorough checks
Officials, Party members, and people are concerned about how the Party will select the leadership capable of shouldering the immense revolutionary tasks entrusted by the history, General Secretary Nguyen Phu Trong said at the first meeting of the sub-committee on personnel affairs of the 14th National Party Congress on March 13.
See more
Sci-Tech
FPT, NVIDIA ink MoU to build 200 million USD AI factory
Vietnam’s tech giant FPT plans to build a 200 million USD artificial intelligence (AI) factory using Nvidia's graphics chips and software, as announced on April 23 in a comprehensive strategic partnership with NVIDIA.
Business
Lao Cai province calls for more Japanese investments
The advantages and potential of Vietnam’s northern border province of Lao Cai were introduced to Japanese firms at an investment and tourism promotion conference in Tokyo on April 23.
Business
Vietnam’s economy shows gradual recovery: WB’s report
Vietnam's economy is showing mixed signs of recovery in early 2024, with growth forecast to reach 5.5% in 2024 and gradually rise to 6.0% by 2025, according to the latest World Bank Taking Stock bi-annual economic update released on April 23.
Business
Tra fish export to UAE jumps 67% in Q1
Vietnam’s tra fish export to the United Arab Emirates (UAE) reached more than 7 million USD in the first quarter of this year, a rise of 67% against the same period last year, statistics of the General Department of Customs showed.
Business
Central bank successfully auctions 3,400 taels of SJC-branded gold bars
The State Bank of Vietnam (SBV) released the outcome of the gold bullion auction on April 23, with two winning bidders securing 34 lots, equivalent to 3,400 taels of SJC-branded gold bars.
