Vietnam and Taiwan (China) signed a memorandum of understanding on building a 40 million USD footwear factory in the Mekong Delta province of Dong Thap on January 2.

The factory, which is located at Tran Quoc Toan industrial zone, Cao Lanh city, will have full production capacity of 9 million products for export per year.

The footwear export factory is a joint venture between Tien Hung limited company and Taiwanese Anshen company.

In the first phase of the project, Anshen will invest 10 million USD in building footwear workshops, expecting to employ 3,000 workers in 2014.

Once fully operation, the factory will attract 9,000 workers.-VNA