Nghe An: An Hung Group Joint Stock Company was approved to invest in a garment factory of more than 700 billion VND

DNHN - Nghe An Provincial People's Committee has just approved the investment policy of An Hung 2 Garment Factory project in Tho Thanh commune, Yen Thanh district for An Hung Group Joint Stock Company. The project has a capacity of 99 million products/year, with a total investment of more than 700 billion VND.

Accordingly, the project is being implemented on a 9.88-hectare site in Tho Thanh commune, Yen Thanh district (Nghe An), with a total investment of more than 705.7 billion VND, including 180.1 billion VND (equivalent to 25.5 per cent of total investment) from own capital investors and other legal capital sources. The project has a design capacity of 99 million goods each year, which includes life jackets, windbreakers, athletic apparel, and other types of shirts.  

According to the aforementioned decision, the project will take 50 years to complete from the date of land allotment. Construction is scheduled to begin in the fourth quarter of 2022 and be completed and operational in the fourth quarter of 2024.

The project has the following objectives: Supplying garment products to serve domestic and export demand; creating jobs for people in Tho Thanh commune and surrounding areas in the Yen Thanh district. 

Before that, An Hung Group Joint Stock Company committed more than 650 billion VND in the construction of An Hung 1 Garment Factory on a ten-hectare site in Cong Thanh commune, Yen Thanh district. 

At the time, the An Hung 1 Garment Factory Project was the largest garment factory in Nghe An province, with lines and equipment brought from overseas invested synchronously and modernly.

The project was finished and placed into operation, providing roughly 10,000 jobs for residents and those in the neighbouring areas.

Van Cuong - Hoang Lan