The plant will come up at the Rang Dong Textile Industrial Park in Nghia Hung district with an investment capital of $9 million. Construction is expected to start in the first quarter next year and completed in October.
The plant will produce nearly 50 million sq m of fabric each year, a domestic news outlet reported.
Headquartered in Hong Kong, Jinnor (Hong Kong) Limited has more than 30 years of experience in the field of textile production and fabric trading.
Nam Dinh is now home to 170 foreign-invested projects with a cumulative registered capital of $4.1 billion.
The province said it will accord top priority to speeding up reforms, simplifying administrative procedures, upgrading infrastructure and improving the quality of human resources.
ALCHEMPro News Desk (DS)
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