The People’s Committee of the Red River Delta province of Nam Dinh has granted an investment licence to Jiangsu Julun Textiles Group Co., Ltd of China to build a factory worth 68 million USD in the locality.

Covering an area of 80,000 sq. m in the Bao Minh industrial park in Vu Ban district, the factory specialises in producing yarn with an annual capacity of 9,816 tonnes, weaving (21.6 million metres) and dyeing (24 million metres).

Construction of the factory, whose land lease contract is for 46 years, is scheduled to be completed in June 2016.

According to Nguyen Viet Thang, from the managing board of industrial zones in Nam Dinh, another investor from Hong Kong (China) is planning to build a 10,000 ha garment and textile industrial park in Nghia Hung district.

The province will submit the project to the Government for approval, he said.

Nam Dinh province has three industrial parks – Hoa Xa, Bao Minh and My Trung - which house a total of 127 businesses with nearly 25,000 workers.-VNA