Investment
South Korea firm invests in developing garment factory in Vietnam
Leaders of the Mekong Delta province of Soc Trang had a working session on September 6 with representatives of Youngone Corporation from the the South Korea on the production and recruitment plan for its garment factory.
A working session between Soc Trang leaders and Youngone Corporation representatives in April
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Leaders of the Mekong Delta province of Soc Trang had a working session on September 6 with representatives of Youngone Corporation from the the Republic of Korea (RoK) on the production and recruitment plan for its garment factory.
Under its plan, Youngone will build a factory covering 15ha at An Nghiep industrial zone in An Hiep commune, Chau Thanh district. The project is expected to be put into operation in March 2018, employing 8,000 staff and workers.
Yonguk Lee, Project Director of the firm, said the corporation is running three factories in the northern provinces of Nam Dinh, Bac Giang and Hung Yen, employing over 11,000 labourers.
The firm wishes to contribute to Soc Trang’s socio-economic development and job generation for local residents after the project comes operational, Lee said, adding that a workshop, which covers 1,500 sq.m in Minh Chau residential area in Soc Trang city, is scheduled to become operational on September 20.
It needs about 500 staff and workers. Currently, the enterprise is providing Soc Trang city and Chau Thanh district with 100 sewing machines for training courses for local labourers, he said.
Addressing the working session, Vice Chairman of the Soc Trang People’s Committee Le Thanh Tri said that the province will create optimal conditions for the factory to operate as scheduled. He also pledged to work closely with the corporation in making plan on housing for workers, while assisting the firm in removing obstacles facing it during the project implementation.
