Vietnam's Binh Dịnh clears fashion manufacturing plant worth $20 mn

22 Nov '24

1 min read

Vietnam's Binh Dịnh clears fashion manufacturing plant worth $20 mn

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Vietnam's Binh Dịnh Economic Zone Authority has granted an investment certificate for the TnB Vietnam fashion manufacturing plant project, funded by Singapore-based HGQ Asia.
The first phase will see construction of workshops, warehouses and offices, installation of machinery, workforce recruitment and training, and initiating production till October 2026.
The second will focus on expansion.

Vietnam’s Binh Dinh Economic Zone Authority recently granted an investment certificate for the TnB Vietnam fashion manufacturing plant project, funded by HGQ Asia Pte. Ltd. based in Singapore.

Located in Hoa Hoi Industrial Park in Cat Hanh Commune in the Phu Cat district with a total investment of VND 495.8 billion (~$20 million), the project covers 8.4 hectares. The capital includes $8 million in equity and $12 million in mobilised funds.

The project will be implemented in two phases. The first phase will see construction of workshops, warehouses and office spaces, installation of machinery, workforce recruitment and training, and initiating production operations till October 2026.

The second phase will run from November 2026 to November 2027, and will involve constructing additional workshops, installing equipment, recruiting additional workers and starting full-scale production, according to domestic media reports.

The plant is expected to produce 7 million high-end fashion items annually upon completion. The project is set to operate until March 10, 2067.

Fibre2Fashion News Desk (DS)

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