Danish company breaks ground on US$7mil garment plant
Thanh Nien News (Hanoi)
The Danish-invested garment company Mascot International Vietnam broke ground on a US$7 million factory in northern Vietnam Wednesday as part of a complex slated to be a global brand name distribution center.
The garment factory in Hai Duong Province’s Tan Truong Industrial Park is scheduled to come on line in January.
Construction of the facility comes as part of the Mascot International A/S-initiated textile industry complex project, slated to include a bonded warehouse after completion of the garment plant.
Mascot International A/S is ranked the fourth largest garment manufacturer in the European Union.
Michael Grosbol, general director of Mascot International A/S, said choosing Vietnam for the group’s business expansion plan in Asia was based on a thorough survey of the whole region.
He pointed out that political stability and a favorable investment environment in Vietnam were strong advantages compared to Sri Lanka, Laos and Cambodia.
Danish businesses have invested US$194 million in Vietnam, ranking 25th among 74 foreign countries and territories. Trade between the two countries is expected to increase from $200 million per year to $1 billion in the near future.
The garment and textile industry, which makes up as much as 50 percent of the country’s total export value, has grown a remarkable 31.7 percent over the first four months of the year, having exported $2.2 billion worth of goods.
It targets to hit $7.3 billion in shipment values this year.
Source: TBKTVN – Compiled by Dong Ha
The garment factory in Hai Duong Province’s Tan Truong Industrial Park is scheduled to come on line in January.
Construction of the facility comes as part of the Mascot International A/S-initiated textile industry complex project, slated to include a bonded warehouse after completion of the garment plant.
Mascot International A/S is ranked the fourth largest garment manufacturer in the European Union.
Michael Grosbol, general director of Mascot International A/S, said choosing Vietnam for the group’s business expansion plan in Asia was based on a thorough survey of the whole region.
He pointed out that political stability and a favorable investment environment in Vietnam were strong advantages compared to Sri Lanka, Laos and Cambodia.
Danish businesses have invested US$194 million in Vietnam, ranking 25th among 74 foreign countries and territories. Trade between the two countries is expected to increase from $200 million per year to $1 billion in the near future.
The garment and textile industry, which makes up as much as 50 percent of the country’s total export value, has grown a remarkable 31.7 percent over the first four months of the year, having exported $2.2 billion worth of goods.
It targets to hit $7.3 billion in shipment values this year.
Source: TBKTVN – Compiled by Dong Ha
6 comments:
It makes my blood boils when I hear
something like that. Poor Khmer
people, I am sorry.
Not big deal even Ankor wat is controlling and profiting to Vietnamese via Sokymex than for poor Cambodia!
ahahhahahahahhah!
Good for the Danish Co to open their factory way in North Vietname in Hanio instead of Ho Chi Minh city because soon or later the Ho Chi Minh City will go up in flame!!!!!!!!!!!
Burn baby burn!!!!Burn Uncle HO tomb into ash!!!Uncle Ho tomb must be destroyed by any mean which represent more than 50 years of Vietcong oppression on the Khmer Krom people!!!!
It is Okay to kill Uncle HO twice and send him back to hell again!!
Yep, and make sure none of Ah
Khmer-Yuon motherfucker is alive
in HCM.
AH YOUN-KHMER that is! Khmer Krom must radicalize the Muslim way if they want to fight the Vietcong to gain freedom!!!!
There is a come a time when weapon is the only answer to the Khmer Krom pray!!!!The Khmer Krom have to fight the Vietcong the guerilla way!!!!The hit and run tactic and wear down their economic activities is the only way to do it!!!!Turn the fucken Souther Vietname into another Southern Thailane!!!!!!!!!!!!!!!!!!!!!!
Yeah, you started it, and we'll
end it.
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