Up to 15,000 jobs are set to be created at a massive new sports shoe factory in Vietnam, reports claimed on Thursday.

The Saigon Times Daily reported that the new plant will cost up to $50 million and be built on a 43 hectares site at Nhon Trach 1 Industrial Park, in Ho Chi Minh City.

It said footwear giant Hwaseung would run the plant which would eventually have 20 production lines. The paper added stage one of the project will create up to 3,000 jobs.