Rieker footwear factory built in Quang Ngai

The managing board of Quang Ngai Industrial Zones on July 18 granted an investment license for the Rieker Vietnam Footwear Factory.

This is the biggest foreign invested project worth US$14 million in Quang Ngai so far.

The project will cover an area of 10ha in Tinh Phong IZ in Son Tinh district in August and the first phase of construction will be finished by the end of 2012.

Once completed in 2014, the project will generate 5,000 direct jobs and 2,500 indirect jobs for local people and manufacture 7-8 million pairs of shoes each year, earning around US$15 million in export revenue. – VOV

Tags: ,

Posted by VBN on Jul 18 2011. Filed under Garment Textile. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

You must be logged in to post a comment Login

Stay informed everyday

Subscribe to free RSS and email updates from Vietnam Business News

Subscribe via Email Subscribe in a Reader Follow us on Twitter Connect on Facebook

RSS Singapore Business News

  • S’pore firms share “productivity stories” at industry challenge
  • House price growth continues to slow: URA
  • Singapore shares surge 2% on Europe hopes
  • Property prices up marginally in September: NUS
  • 60 companies lauded at SME1 Asia Awards
  • MAS lifts penalty on DBS bank for network glitch

RSS India Business News

  • Nifty may face resistance around 5450 levels: Sharekhan Ltd
  • Markets to remain bullish this week on positive global cues: Experts
  • Government ends safeguard probe on aluminium imports from China
  • India-EU free trade pact likely by February
  • Indonesia seeks import of 5,00,000 tonnes rice from India
  • Thai floods disrupt Indian auto firms’ ops

RSS Malaysia Business News

  • AirAsia X registered strong growth in Q3
  • Pharmaniaga in Mid-East JV deal
  • Faber hospital concession extended
  • CPO extends uptrend on better sentiments
  • Which player can steal more eyeballs in pay-TV market?
  • YTL Comms is the frontrunner for the RM1.5bil 1Bestarinet to wire up schools

Sponsored

  • Looking for an overseas forex broker?
  • Trading Point now offering Forex Malaysia and FX Japan with Forex, CFD's and Futures.