Inauguration of a textile and dyeing factory worth over 200 million USD

On July 13, at Rang Dong Textile Industrial Park (Nghia Hung District, Nam Dinh Province), Nam Dinh Provincial Government, Toray Group (Japan) and partners organized the inauguration of Top Textiles Dyeing Factory, specializing in producing high-end fabrics for export.

Nam Dinh Provincial Party Secretary Pham Gia Tuc, Deputy Minister of Foreign Affairs Nguyen Minh Hang, and Japanese Ambassador to Vietnam Ito Naoki participated in the factory inauguration ceremony. Photo: DH

Attending the event were Nam Dinh Provincial Party Secretary Pham Gia Tuc and the provincial leaders; Deputy Minister of Foreign Affairs Nguyen Minh Hang, leaders of the Foreign Investment Agency ( Ministry of Planning and Investment ); Japanese Ambassador to Vietnam Ito Naoki.

Top Textiles dyeing factory and functional facilities are built on a modern area of ​​31.2 hectares in Rang Dong Textile Industrial Park. Photo: DH

Speaking at the event, Japanese Ambassador to Vietnam Ito Naoki and Vice Chairman of Nam Dinh Provincial People's Committee Tran Anh Dung highly appreciated the efforts of all parties in implementing the project, especially during the Covid-19 outbreak; considering this a new milestone in the comprehensive strategic partnership between Vietnam and Japan, demonstrating the trust of Japanese enterprises when choosing Nam Dinh as an investment destination for projects with large investment capital.

Inside the factory are hundreds of modern, automatic weaving machines. Photo: DH

Previously, in the meeting between Nam Dinh Provincial Party Secretary Pham Gia Tuc and Japanese Ambassador to Vietnam Ito Naoki, the two sides discussed contents to promote investment activities of Japanese enterprises in Nam Dinh province as well as training and providing labor to serve investment cooperation projects between the two sides.

According to information at the event, the Top Textiles Dyeing Factory project, invested by Toray Group (Japan) and its partners, was licensed by the Nam Dinh provincial government in 2019, with a total investment capital of 203 million USD, and started construction in July 2022 on an area of ​​31.2 hectares in Rang Dong Textile Industrial Park.

The factory is designed with a production capacity of 60 million meters of 1.6 m wide fabric/year (equivalent to 96 million m2 of fabric/year, 4 times the current capacity of the textile industry in Nam Dinh province). The factory uses high technology, has few workers, and aims to participate in the global textile value chain.

Rang Dong Textile Industrial Park is over 500 hectares wide, located in the coastal area of ​​Nghia Hung district, built by Nam Dinh provincial government specifically to attract textile projects, aiming to restore and develop the province's traditional textile industry, making Nam Dinh a major textile center of the country.

Source: https://kinhtedothi.vn/nam-dinh-khanh-thanh-nha-may-det-nhuom-hon-200-trieu-usd.html