Regent Garment Factory Ltd., a member of the Hong Kong-based Crystal Group, recently got approval in principle from Hải Dương Province’s People’s Committee to build its third garment factory in the Nguyên Giáp Industrial Complex in Tứ Kỳ district of Hải Dương province.
To be built at a cost of US $ 39 million, the new factory, reportedly, aims at an annual production capacity of 28 million garment products thereby creating 4,900 jobs for the people of Vietnam.
Notably, Regent Garment company had previously built two similar factories in the Hải Dương province.
The first factory, which was set up in Nam Sách Industrial Zone in 2006, is valued at US $ 64 million. The second one, which came up on a bigger scale in Lai Vu Industrial Zone in 2014, is worth US $ 124 million, annually producing 170 million products.
It is important to note here that Hải Dương province granted licenses to as many as 13 foreign-invested projects worth over US $ 103.3 million in October 2018. Additionally, another capital of over US $ 318 million was approved for 32 more projects.
