Rainbow Textile invests approximately 100 million yuan in Quang Ninh Province, Vietnam

According to the Vietnam Daily Express report on November 16, China Texhong Textile Group (Texhong) launched construction investment and infrastructure operation projects in the Haihe Texhong Textile (TEXHONG) Industrial Zone in Quang Ninh Province, Vietnam, with a total investment of up to 4.52 trillion. Vietnamese dong (approximately RMB 1.3 billion). ​
The launching ceremony will be held on November 15th. It is reported that Chinese investors will construct and operate the infrastructure of Haihe Tianhong Textile Industrial Zone. The industrial zone belongs to Vietnam’s Mong Cai Port Economic Zone, covering an area of ​​660 hectares. The project is listed as Vietnam’s Haihe Port Industrial Zone Plan. ​
The project includes approximately 300 hectares of land for industrial machinery construction, 25 hectares of deployment center, 123.59 hectares of industrial zone service departments, 17 hectares of technical infrastructure hubs, 109.51 hectares of green space and lakes, and 93.71 hectares of traffic roads and development reserved land. ​
In the next 3 to 5 years, Tianhong Textile Group will complete the construction and investment of a modern enterprise and build a closed centralized textile industry assembly line in the Haihe Industrial Zone. The industrial zone has scientific planning, complete auxiliary projects, and comprehensive service supply, attracting Vietnamese domestic Foreign companies come to invest. Upon completion, the project will attract 30,000 laborers and provide new development impetus for the Mong Cai Port Industrial Zone in Vietnam. ​
While investing in infrastructure in Haihe Industrial Zone, Tianhong Textile Group also established Yinhe Tianhong Textile Science and Technology Co., Ltd. to implement investment in the textile industry assembly line. The investment scale is large, with a total investment of 6.4 trillion VND (approximately RMB 1.8 billion). yuan) and is expected to be launched in January 2015. ​
In order to carry out the Haihe Tianhong Industrial Zone project, Quang Ninh Province in Vietnam has created very convenient conditions for investors and eliminated difficulties and obstacles in a timely manner. ​
Leaders of Quang Ninh Province in Vietnam said that they have submitted a report to the Vietnamese government and central ministries and commissions to arrange the investment budget for the first phase to build a 7-kilometer long road from National Road 18 to the industrial zone, with a total investment of 680 billion VND. (approximately RMB 200 million) or more. Quang Ninh Province in Vietnam has also jointly invested in the construction of a 220 kV Haihe substation from Kam Phu to Haihe with the Vietnam Electricity Group. The total investment is more than 1.1 trillion VND (approximately RMB 300 million), which is expected to be completed in 2015. Finish.