Taiwan’s Yu Yuang Textile has received an investment certificate to develop a yarn and dyeing project worth US$58m at Phuc Long Industrial Park in Vietnam’s Long An Province.
The project will be developed on an 8 ha area Ben Luc District. Work on the factory started last month and it will be operational early next year.
Yu Yuang Textile expects the factory to produce around 16,800 tonnes of fabric a year for both domestic use and export.
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