The Thanh Hoa Provincial People’s Committee has approved investment in a project building a footwear factory in the north-central province’s Thach Thanh district.

The project will cover over 65,670 sq m with total investment of an estimated VND360 billion ($14.7 million). The investor will contribute 20.05 per cent and the remainder will be mobilized from commercial banks.

It is expected to be put into operation within two years of land being handed over to the investor.

Vice Chairman of the Provincial People’s Committee Mai Xuan Liem asked the investor to coordinate with State management agencies to complete investment procedures for submission to authorized agencies for approval.