VIETNAM: Taiwanese firm to build $40m footwear plant
Taiwan's An Shen Company is teaming up with Vietnam's Tien Hung Company to invest in a $40m leather footwear plant in the southern province of Dong Thap.
Located on a seven-hectare plot in the Tran Quoc Toan industrial zone near Cao Lanh city, the plant will have a total capacity of 9m pairs per year, generating around 9,000 jobs. All products made at the plant will be for export.
The first phase is due to begin operation by the end of 2014.
This will be the second plant of the Taiwanese investor, which already operates the Ty Thac footwear plant in Thap Muoi district of Dong Thap Province.
Separate figures just released by Vietnam's general statistics office show the value of the country's footwear exports soared in 2013.
Shipments jumped 15.2% year-on-year to US$8.4bn, while in volume terms exports reached 256.1m pairs, up 9.5% over the previous year.
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