A 30M USD FDI project in Yen Thanh district to be operational
The Vietfast footwear manufacturing and processing plant (Taiwan) with a total investment of 30 million USD, located in Bac Thanh commune, Yen Thanh district, is making efforts to complete construction and soon go into operation.
Since June 2023, after completing the necessary procedures to obtain investment approval, the Vietfast footwear manufacturing and processing plant project has commenced construction.
The contractor has completed over 95% of the work, which includes six workshops for footwear production, each covering over 5,000 m², along with an administration building, factory spaces, parking areas, auxiliary buildings, fire prevention water tanks, wastewater treatment facilities, transformer station, car parking area, entry checkpoint, security building, internal roads, and green spaces.
At the same time, the factory is installing equipment and machinery for leather shoe production for export.
According to the plan, the factory will be completed and operational by the end of December 2024. It will provide employment for 6,000 workers in Yen Thanh district.
This project is a foreign direct investment (FDI) with a total investment of 30 million USD (approximately 690 billion VND). The project has a 50-year operational period starting from the land allocation date.
The plant will focus on manufacturing and processing various types of footwear, along with footwear materials and accessories for export, with an annual production capacity of 6 million products.
Once operational, the project will contribute to socioeconomic development, creating jobs and income for local workers, improving land use efficiency, and increasing tax revenue.
It is expected to create jobs for 6,000 general laborers in the first phase (with a recruitment need of 12,000 employees), with an average monthly income of 6-8 million VND per person, and contribute approximately 110 billion VND to the state budget annually.
A representative of the People’s Committee of Yen Thanh district stated that over the past three years, from 2021 to 2024, companies have invested in projects in Yen Thanh district with a total capital of over 3,000 billion VND, with some large projects already operational, such as the An Hung Group garment factory and the TH Group rice processing plant.
In addition, the district has attracted several key projects, such as the An Hung 2 Garment Factory in Tho Thanh commune, a footwear factory in Dong Thanh commune, a footwear factory in Tang Thanh commune, and a garment factory in Long Thanh commune.
In the future, the district will implement high-tech agricultural projects and develop eco-tourism at Ve Vung Lake in Dong Thanh commune.
