Approval of investment policy for the only closed textile project in Southeast Asia

Attending the ceremony were Permanent Vice Chairman of the Provincial People's Committee Nguyen Tuan Ha and representatives of the Department of Finance, Department of Industry and Trade, Ea Kar District People's Committee and representatives of the project investor.

According to the Decision approving the investment policy and approving the investor, the Project named Veston Textile and Garment Center is implemented at Lot C1, C2, C3, C4, C5, C6, C7 of Ea Dar Industrial Cluster, Ea Kar District, Dak Lak Province. The land use area of ​​the Project is 9.4 hectares with a total investment of 360 billion VND invested by Lien Phuong Highland Textile and Garment Joint Stock Company.

The project aims to make suits, a closed chain for producing wool fabric (without fabric dyeing).

Delegates attending the ceremony.

The project has a duration of 50 years from the date the investor is granted the land lease decision. The project implementation progress is 66 months from the date of issuance of the Decision approving the investment policy at the same time as approving the investor.

Once operational, the project is expected to create jobs for more than 6,000 workers.

Standing Vice Chairman of the Provincial People's Committee Nguyen Tuan Ha presented the Decision approving the investment policy and approving the investor of the Veston Textile and Garment Center Project to the investor's representative.

Speaking at the ceremony, Standing Vice Chairman of the Provincial People's Committee Nguyen Tuan Ha emphasized that Dak Lak province has been making efforts to attract private enterprises to invest in the province. The province highly appreciates and thanks investors in general, and Lien Phuong Highland Textile Joint Stock Company in particular, for choosing Dak Lak as the place to implement the project. The Veston Textile and Garment Center project has just been granted the Decision approving the investment policy and approving the investor, which is the only closed project in Southeast Asia from designing and producing wool fabric to sewing vestons for export to high-end brands in the world.

The Standing Vice Chairman of the Provincial People's Committee requested departments, branches and localities to create favorable conditions for investors to implement the project smoothly. Dak Lak province is committed to always accompanying investors to cooperate and develop together.

Provincial leaders, representatives of departments and branches took souvenir photos with investors.

It is known that the ceremony to hand over the Decision on approving the investment policy and approving the project investor was held for the first time in the province. This will be the premise for continuing to organize the following times to spread and create motivation to promote investment attraction in the coming time.

Source: https://baodaklak.vn/kinh-te/202504/chap-thuan-chu-truong-dau-tu-du-an-det-may-khep-kin-duy-nhat-o-khu-vuc-dong-nam-a-bea08ae/