Business

Danish firm to build 52 million USD garment factory in Binh Dinh

Once fully operational, the plant is expected to produce up to 5 million products annually, generating estimated annual revenue of 51.3 million USD.

Garment production at Tien Hung Garment JSC in Hung Yen province. (Photo: VNA)
Garment production at Tien Hung Garment JSC in Hung Yen province. (Photo: VNA)

Binh Dinh (VNA) – The Binh Dinh Economic Zone Authority has granted an investment certificate to Denmark-based MASCOT INTERNATIONAL A/S for a high-quality garment manufacturing project worth more than 1.29 trillion VND (approximately 52 million USD) in the central province of Binh Dinh.

The project will be located in the Becamex Binh Dinh Industrial Park, part of the Nhon Hoi Economic Zone in Van Canh district, spanning nearly 100,000 sq.m. It includes a garment production and processing facility, a warehousing complex, and a quality control centre for raw materials and accessories.

khu-cong-nghiep-becamex-binh-dinh-2033.jpg
A corner of the Becamex Binh Dinh Industrial Park. (Photo: VNA)

Once fully operational, the plant is expected to produce up to 5 million products annually, generating estimated annual revenue of 51.3 million USD. Additional income will stem from warehousing and quality control services (2.4 million USD), exports, import rights and wholesale distribution rights (400,000 USD), and technical inspection and analysis services (2 million USD).

Construction of the plant is slated to begin in August 2025, with official operations expected to start by September 2026.

So far this year, Binh Dinh has attracted 31 new investment projects with a combined registered capital of nearly 12.2 trillion VND. This includes 27 domestic and four foreign-invested projects worth about 23 million USD, excluding the newly licensed Danish investment. the number of new projects has jumped 138.5% year on year, while total capital has surged by 502.6%./.

VNA
#Binh Dinh #garment #textile Binh Dinh
Follow VietnamPlus

Post-pandemic recovery

Related News

See more

In the first four months of 2026, total FDI inflows into Vietnam reaches 18.24 billion USD, up 32% year-on-year. (Illustrative photo: VNA)

Vietnam draws stronger foreign investment inflows despite global headwinds

In the first four months of 2026, total FDI inflows into Vietnam reached 18.24 billion USD, up 32% year-on-year. Disbursed capital was estimated at more than 7.4 billion USD, an increase of 9.8% and the highest four-month disbursement level recorded in the past five years, reflecting effective implementation of many registered projects.

A Boeing 787 aircraft of Vietnam’s national flag carrier, Vietnam Airlines, lands on its first flight at Long Thanh International Airport. (Photo: VNA)

Deputy PM stresses strategic, synchronous planning for airport system

The national airport system planning was approved by the Prime Minister under Decision No. 648/QD-TTg dated June 7, 2023. Under the planning, 30 airports (14 international and 16 domestic) are to be developed during the 2021–2030 period, with a vision to 2050 expanding the network to 33 airports (14 international and 19 domestic).

Modern machinery improves labour productivity. (Photo: VNA)

Upskilling becomes key lever for Vietnamese workforce in digital era

As the economy is pivoting to a growth model fueled by knowledge, technology and innovation, the working class, or the backbone of production, demands better professional qualifications, vocational skills, industrial discipline and work habits. Timely adaptation is the only shield against being undercut by accelerating automation, artificial intelligence and increasingly fiercer global competition.

A circular organic farming model in Khanh Hoa is delivering initial economic efficiency. (Photo: VNA)

New growth potential unlocked for Vietnamese economy

Prime Minister Le Minh Hung once stressed that cutting administrative procedures and business conditions remains one of the fastest and most effective ways to stimulate growth and strengthen confidence among citizens and enterprises. He underscored that the reform process must remain continuous and responsive to practical requirements.

Politburo member Nguyen Duy Ngoc, who is also Secretary of the CPV Central Committee, Chairman of its Organisation Commission and standing deputy head of the Central Steering Committee for Science-Technology Development, Innovation and Digital Transformation, at a working sessions with leaders of the Indian Institute of Technology Madras (IIT Madras). (Photo: dangcongsan.vn)

Vietnam strengthens cooperation with India’s leading technology partners

Both sides exchanged views on digital identification management, electronic authentication, biometrics, personal data protection and experience in implementing large-scale national digital services. The two sides also agreed to strengthen exchanges of experts and cooperation in technical and policy experience-sharing in the coming period.

International buyers explore products at the Vietnam International Sourcing 2025. (Photo: VNA)

Vietnam to host international sourcing event series in September

The Vietnam International Sourcing 2026 (VIS 2026) is one of Vietnam’s key trade promotion activities this year, serving as a platform to boost trade and investment cooperation while supporting the shift towards supply chain sustainability amid global economic uncertainties.

The first VinaFIS Fisheries Techexpo 2026 opens at the Saigon Exhibition and Convention Centre in Ho Chi Minh City on April 28. (Illustrative photo: VNA)

Ho Chi Minh City expands innovation startup space

Currently ranked 110th among the world’s most dynamic startup ecosystems and among Southeast Asia’s top five, the southern economic hub of Ho Chi Minh City is seeking to build on its existing strengths to move into the world’s Top 100 startup cities in the coming years.

Illustrative image (Photo; VNA)

Top Vietnamese leader’s visit to Sri Lanka to tap trade potential

According to the Vietnamese Ministry of Industry and Trade (MoIT), Sri Lanka is Vietnam’s fourth-largest trade partner in South Asia after India, Bangladesh, and Pakistan. In recent years, Vietnam has been running a steady surplus, with exports exceeding imports.