An investment of 10 billion is proposed by Taiwan’s Formosa Petrochemical Corporation to expand its textile base in Vietnam.
The investment is likely to get channelized by 2009 and aims to add nylon fibre and enhance yarn production. The project is anticipated to encourage Taiwanese textile manufacturers to form a production cluster in the region.
At present, the Formosa Chemicals and Fibre Corp is operating a joint venture textile production complex near Ho Chi Minh City.
The investment is likely to get channelized by 2009 and aims to add nylon fibre and enhance yarn production. The project is anticipated to encourage Taiwanese textile manufacturers to form a production cluster in the region.
At present, the Formosa Chemicals and Fibre Corp is operating a joint venture textile production complex near Ho Chi Minh City.
