Deploying a 30 million USD FDI project in Yen Thanh district

After completing the procedures to obtain an investment license, from June 2023 to present, the Vietfast Footwear Factory Project is currently implementing the permitted construction items. Specifically, the unit is implementing site clearance, currently reaching over 60% of the volume (expected to be completed by September 30, 2023) and then the unit will continue to implement the factory construction items. According to the plan, by the end of 2024, the factory will be completed and put into use.

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 footwear materials 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 million VND/person/month and contribute about 110 billion VND to the state budget annually.

A representative of the People's Committee of Yen Thanh district said: In the past 2 years, from 2021-2022, enterprises have invested in projects in Yen Thanh district with a total investment capital of 3,298 billion VND, reaching a rate of 41.24%. Some large projects have come into operation such as: Garment Factory of An Hung Group, Rice Processing Factory of TH Group...

In addition, the district coordinated with the province to attract a number of key projects: 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 addition, APG Group, which invests in developing high-tech agriculture, has surveyed a number of communes in the district to have investment policies in the coming time...