Article: VIETNAM: Construction start-up on planned $245,000,000 textile project is tentatively scheduled to begin in May 2002, FORMOSA CHEMICAL AND FIBRE CORP. (FCF) & NAN YA PLASTICS CORP. [Taiwan] - Order #: 025202.

PROJECT OVERVIEW:

Textile manufacturing in Vietnam is expected to receive a significant boost from a newly concluded trade agreement with the United States which is expected to enable a reduction of tariffs on Vietnamese exports of textiles to normal levels. As a result, the country has become attractive to manufacturers, given its plentiful supply of cheap and disciplined labor.

It is thus, that the local MINISTRY OF PLANNING & INVESTEMENT recently granted a couple of subsidiaries of the Taiwan-based FORMOSA GROUP a license to undertake a textile project in the country. The 2 companies involved in the development scheme, operating under the name of ...

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