Vice-Chairman of QNPPC, Nguyen Van Thanh on Feb. 25 had a meeting with Texhong Textile Group regarding the investment project at Hai Yen industrial zone ( Mong Cai city).
At the meeting, Mr. Zhou Young Xiang, the Vice- Chairman and General Director of Texhong Group introduced an overview of the group. Accordingly, Texhong is one of the 10 largest leading groups of China manufacturing textile with a turnover of USD 700 million per year. The group has invested in building cotton fibre plants in Southern Vietnam. It is now surveying and choosing the location to build the next ones in the Northern Vietnam. The one to be built in Hai Yen Industrial zone covers an area of 3 hectares with an investment capital of USD 300 million.
Regarding the implementation of this project, representative of the group has studied a number of issues, namely: preferential tax policies, land rent, water and power for production… In addition, the group hoped that the local government will provide them with the best conditions so that the group could successfully implement the project.
Mr. Nguyen Van Thanh highly appreciated investment cooperation of the Texhong group. He promised that QNPPC will adequately provide information in which the investor is interested, such as land, infrastructure, power, water, land rent price as well as incentive policies.
Mr. Thanh has requested the Management Board of economic zones to deal with difficulties that the investor is concerning about so that the project could be smoothly implemented. He emphasized that this is a key project which has been prioritized by Quang Ninh province to be implemented in 2012.
