Business

Vinatex to invest in Quang Nam complex

The Vietnam Textile Group (Vinatex) will build a fiber-weaving-dying and garment complex in Que Son district in the central province of Quang Nam this year, costing 1.5 trillion VND (71 million USD).
The Vietnam Textile Group (Vinatex) will build a fiber-weaving-dying andgarment complex in Que Son district in the central province of QuangNam this year, costing 1.5 trillion VND (71 million USD).

DeputyGeneral Director of the group, Tran Van Pho, said on January 13 that thecomplex was part of the Memorandum of Understanding (MoU) signedbetween Vinatex and the province two years ago.

"The complex isan intensive investment project in the central region, in preparationfor the Trans-Pacific Partnership Agreement (TPP). It is built toprovide material for boosting the textile and garment industry in QuangNam, Da Nang and other neighbouring coastal central provinces," Phosaid.

"The complex is expected to earn 1.7 trillion VND (81million USD) in revenue per year in the first phase of construction,contributing 35 billion VND to the provincial budget and 2,000 jobs," hesaid.

He noted that the complex was designed to produce 4,600tonnes of spindles, along with a production line of textile, knitwear,and dye manufacturing of 5,000 tonnes of products.

He added that agarment plant in the complex would produce 25 million products.Additionally, a waste water treatment plant would be built with acapacity of 5,000 cubic metres per day and night.

As scheduled,Vinatex would also begin construction of a fibre production plant inThang Binh district and a garment plant in Nui Thanh district.

Also,Vice Chairman of the provincial people's committee Dinh Van Thu said 91textile and garment companies operating in the province last yearproduced 2.9 trillion VND (138 million USD), which is 6.6 percent of theprovince's total industrial production value. The industry produced 55million metres of cloth and created jobs for 3,000 labourers.

Thualso asked for the group's help, calling for more investment andco-operation from foreign partners in supportive industries for garmentand textile industries in the province.

Further, Vinatex plans to develop a 500ha cotton farm in Dai Loc district in the coming years.

Accordingto the Vietnam Textile and Apparel Association, Vietnam has 250industrial parks nationwide, but only Nam Dinh, Hung Yen and Binh Thuanprovinces reserve areas for developing the fiber-weaving-dying industry.-VNA
Follow VietnamPlus

See more

A refilling station of Petrolimex (Photo: VNA)

Import tariffs on certain fuel products reduced to 0%

Rising tensions in the Middle East, particularly the conflict involving the US, Israel and Iran, have significantly affected the global energy market, especially shipping activity through the Strait of Hormuz – a strategic route for transporting crude oil from the region.

Fishermen raise the national flag before heading out to the sea to affirm Vietnam’s sovereignty over its seas and islands. (Photo: VNA)

Dong Thap promotes IUU awareness from start of fishing season

Gia Thuan commune, located in the eastern part of the province, is a key fishing locality with 563 fishing vessels, including 423 offshore boats and 140 nearshore vessels, producing an average annual catch of over 42,970 tonnes of seafood.

Industrial production surges in the first two months of 2026. (Photo: VNA)

Industrial production posts strong growth in first two months

According to the National Statistics Office (NSO) under the Ministry of Finance, the index of industrial production (IIP) in February was estimated to decrease 18.4% from the previous month but increase 1% year on year. Overall, in the January–February period, the IIP rose 10.4% compared with the same period last year.

A delegation from the Nghe An provincial People’s Committee inspects production and business activities at the VSIP Nghe An Industrial, Urban and Service Park. (Photo:nhandan.vn)

Nghe An steps up reforms to attract FDI

In 2025, the provincial People’s Committee licensed 25 new FDI projects and approved capital adjustments for 20 others, bringing the total newly registered and additional investment to more than 1 billion USD. Many large-scale projects in the Southeast Nghe An Economic Zone have already become operational, contributing to export growth, state budget revenues and job creation.

Nearly 35,500 enterprises are newly registered nationwide, with total registered capital reaching nearly 313.7 trillion VND and more than 167,500 registered workers. (Photo: VNA)

Nearly 35,500 new businesses set up in first two months

The enterprises registered combined capital of about 313.7 trillion VND and more than 167,500 employees. Compared with the same period last year, the number of new businesses surged by 70.7%, while registered capital rose by 36.1% and registered labour increased by 19.1%.

The yarn factory of Unitex Textile and Dyeing Company Limited applies new technology to optimise operations using an automated model. (Photo: VNA)

Resolution 68: International lessons for private sector development

A common feature in many successful economies is a fundamental shift in the perception of private enterprises. In countries such as Singapore, Germany, Republic of Korea (RoK) and China, private firms are viewed not mainly as entities requiring strict control but as development partners and key forces generating growth, jobs and innovation.

The production line of Regza Electronics Vietnam Co., Ltd. located in Dong Nai province. (Photo: VNA)

Vietnam’s overseas investment rises 2.3-fold in first two months

During the period, 36 new overseas projects were granted investment certificates with total registered capital from Vietnamese investors reaching 532.4 million USD, up 2.3 times compared to the same period last year. In addition, three projects adjusted their capital with an additional 7.8 million USD, 1.5 times higher than a year earlier.