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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.
- Article from:
- WWP-Business Opportunities in Asia & the Pacific
- Article date:
- February 1, 2002
CopyrightCOPYRIGHT 2002 Worldwide Projects, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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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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