A Japanese-invested textile and dyeing factory (phase 1) was inaugurated in the northern province of Nam Dinh on July 13.

Covering 31.2 ha at Rang Dong Textile Industrial Park, the project has a total investment capital of $203 million, invested by Top Textiles JSC.

Construction of the first phase started in July, 2022 with a capacity of producing 60 million meters of fabric per year, equal to four times the capacity of the rest of textile and dyeing factories in the province combined.

This is a high-tech project that uses a reduced labor-force to produce various high-quality textile products.

Construction of the second phase is scheduled for completion by 2025, increasing the capacity of the factory to 120 million meters of fabric annually.