Japanese owned garments factory opens in Hue
The Japanese based company ‘Tokyo Style’ opened a new factory in the central province of Thua Thien-Hue on June 26.
The Japanese based company ‘Tokyo Style’ opened a new factory in the central province of Thua Thien-Hue on June 26.
The Hue factory has 100 percent of the investment capital coming from Japan , and an operation for a period of 50 years.
The 21 million USD factory is located in Phu Bai Industrial Zone on a site of 22,750 square meters.
The factory has the capacity to produce approximately 500,000 garments a year, with only 5 percent to be sold on the domestic market.
In the future, the company hopes to raise domestic sales to 30 percent.-VNA
The Hue factory has 100 percent of the investment capital coming from Japan , and an operation for a period of 50 years.
The 21 million USD factory is located in Phu Bai Industrial Zone on a site of 22,750 square meters.
The factory has the capacity to produce approximately 500,000 garments a year, with only 5 percent to be sold on the domestic market.
In the future, the company hopes to raise domestic sales to 30 percent.-VNA
You should also see
Localities get ready for fourth FDI boom
As the year 2024 is expected to witness the start of the fourth wave of foreign direct investment (FDI) to Vietnam, localities nationwide are getting ready to absorb foreign capital flows.
See more
Business
Vietnam among top domestic infrastructure investors: Ambassador
Vietnam is one of the leading countries in Asia in terms of investment for infrastructure development, allocating 5.7% of its Gross Domestic Product (GDP) to projects in this field, said Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the United Nations (UN).
Business
Vietjet adds more flights to Dien Bien
To meet the rising demands to visit Dien Bien of people and tourists during the celebration of the 70th anniversary of the Dien Bien Phu victory, Vietjet increased the frequencies of flights between Hanoi, Ho Chi Minh City and the northwestern province to 28 per week.
Videos
Agro-forestry-fisheries products nearly double in Q1
Total export revenue from agro-forestry-fisheries products in the first three months of this year is estimated at over 13.5 billion USD, up nearly 22% over the same period last year, according to the Ministry of Agriculture and Rural Development.
Business
Beautycare Expo 2024 opens in Hanoi
The Beautycare Expo 2024 kicked off Hanoi on April 18, featuring over 250 booths from more than 15 countries and territories.
Business
Standard Chartered, US promote clean energy investments in Vietnam
Standard Chartered and the US Agency for International Development (USAID) have signed a Memorandum of Understanding (MoU) on green financing in Vietnam and to promote the deployment of advanced clean energy in Vietnam.
