As part of a development initiative for Vietnam's textile industry, a new 50,000 machine textile mill is being built by the Hue Textile and Garment Company. The mill, which will go into production in 2003, will cost VN$262bn (US$17m), and will make use of equipment and technologies from Germany, Japan and Switzerland. It will employ 400 workers, bringing the total workforce employed by the company up to 2,600.