VENTURE will build a garment factory in Thanh Chuong district.

April 3, 2014 19:17

(Baonghean.vn) -On the afternoon of April 3rd, Mr. Nguyen Xuan Duong, Deputy Secretary of the Provincial Party Committee and Chairman of the Provincial People's Committee, held a working meeting with the Dutch investor, Mr. John Somers, Director of VENTURE International Joint Stock Company, regarding the "VENTURE Nghe An Export Garment Factory" project.

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According to the investment license application, the VENTURE Nghe An export garment factory will be built in Thanh Tien commune (Thanh Chuong district). The project has a total capital of 10 million USD (equivalent to over 200 billion VND) for two phases; the production capacity is approximately 150,000 – 210,000 jackets/year and 2,800,000 shirts/year. It is expected that after completion, the factory will create stable jobs for at least 1,000 local workers with an average income of about 3 million VND/person/month.

Venture International currently has a garment factory located in Hai Duong province with over 1,000 workers and is one of the leading garment manufacturers in Vietnam specializing in workwear (military uniforms, fire-resistant clothing, and other specialized apparel), primarily exporting to the European market. Venture International's products are sold directly to major retailers or companies specializing in protective workwear, thus its profit margin is higher than other garment companies in Vietnam.

Comrade Nguyen Xuan Duong highly appreciated the project and the investor's capabilities, and directed the relevant departments, agencies, and the People's Committee of Thanh Chuong district and the People's Committee of Thanh Chi commune to create the most favorable conditions for the project to be feasible and to commence construction at the end of April or beginning of May 2014 as planned by the investor.

Hoang Hao

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VENTURE will build a garment factory in Thanh Chuong district.
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