The Hong Kong-based Smart Shirts Ltd group has decided to build a factory in Bao Minh Industrial Park in the northern province of Nam Dinh.

On an area of 20ha, the group will build a complete chain, from fibre production to dyeing and garment making.

In the first phase of its project, the group will invest 18 million USD in a fibre producing factory with a capacity of 3,200 tonnes per year.

Other textile and garment companies, such as Far Eastern and Global Dyeing are also discussing investing in Bao Minh IP, which has a standard system for waste-water treatment and is said to be suitable for dyeing and garment producers.

Covering an area of 154ha, the industrial park also houses investors from other sectors, including textile machines, electronic appliances and construction materials.-VNA