30 million USD FDI project in Yen Thanh district is about to come into operation
The Vietfast (Taiwan) shoe factory project, processing shoe and sandal products with a total investment of 30 million USD in Bac Thanh commune, Yen Thanh district is currently under construction and is about to be put into use.
From June 2023, after completing the procedures to obtain an investment license. The Vietfast shoe factory project, processing shoe and sandal products, has been under construction. The construction unit has completed over 95% of the construction volume; including 6 workshops for leather shoe production workers, each workshop is over 5,000 m2 wide.2, administration building, factory, garage, auxiliary buildings, fire prevention and fighting water tank, wastewater treatment tank, transformer station, car garage, card swiping gate, guard house, internal road yard, trees.
At the same time, the factory is installing equipment and machinery to serve the production of leather shoes for export. According to the plan, the factory will be completed and put into use by the end of December 2024.
It is known that this is a foreign direct investment (FDI) project, with a total investment of 30 million USD (equivalent to 690 billion VND). The project's operating period is 50 years from the date of land allocation to the investor.
The project operates in the field of manufacturing and processing all kinds of shoes, sandals and raw materials and accessories for shoes and sandals of all kinds for export, with a capacity of 6 million products/year.
The project, once operational, will contribute to promoting socio-economic development, creating jobs and income for local workers, improving land use efficiency, and increasing budget revenue; It is expected to create jobs for 6,000 unskilled workers in phase 1 (recruitment demand of 12,000 workers) with an average income of 6-8 million VND/person/month and contribute about 110 billion VND to the State budget annually.
A representative of Yen Thanh District People's Committee said: In the past 3 years, from 2021-2024, enterprises have invested in projects in Yen Thanh district with a total investment capital of over 3,000 billion VND, a number of large projects have come into operation such as: Garment Factory of An Hung Group, Rice Processing Factory of TH Group...
In addition, the district has attracted a number of key projects such as: An Hung 2 Garment Factory Project in Tho Thanh Commune, Shoe Factory in Dong Thanh Commune, Shoe Factory in Tang Thanh Commune, Garment Factory in Long Thanh Commune... In the coming time, the district will implement high-tech agricultural projects, develop eco-tourism in Ve Vung Lake, Dong Thanh Commune...