09:10 | 12/01/2016 Economy
The northern province of Bac Ninh authorities presented an investment licence to Singaporean apparel marker Maple on January 6.
The Vietnam – Singapore Industrial Park (Source: VNA)
The company will invest 110 million USD in building a factory on 11.1ha of land in the Vietnam – Singapore Industrial Park.
Divided into three stages, the plant is designed to annually produce 22 million units once it becomes operational in January 2018.
Chairman of the provincial People’s Committee Nguyen Tu Quynh said the project, the first licensed in the province in 2016, will generate jobs to workers in and outside the province and improve local industrial manufacturing value.
He asked departments and agencies to facilitate the project and expressed hope that Maple put the plant into operation on schedule, contributing to the province’s socio-economic development./.