Apparel manufacturer Hop Lun Vietnam Company Limited recently kicked off the construction of a garment factory in the northern province of Vinh Phuc, Vietnam.
Sprawling over an area of 9.7 hectares in Van Quan and Dinh Chu communes of Lap Thach district, Vietnam, the plant is expected to employ 2,500 workers once operational, thus helping locals increase their incomes and boosting the province’s social-economic development.
The new facility projects to earn nearly US $ 38.2 million from exports and contribute US $ 6.5 million to the State Budget per year.
Hop Lun Vietnam is the third wholly foreign-invested business to invest in the Lap Thach district of Vietnam. Set up in 1992, the company now has factories in China, Bangladesh and Indonesia with over 28,000 workers who produce 15 million of products each month.