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Wednesday, May 18, 2022

S.Korean firm invests in footwear factory project in Daklak

The Saigon Times

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HCMC – The Central Highlands province of Daklak has approved a project to develop a footwear factory in the province by South Korea’s Taekwang Group with an investment of some US$22 million.

A representative of the Daklak Branch of Taekwang Vina JSC, under the Taekwang Group, said the factory would recruit around 7,000 laborers in the first phase and 15,000 in the second phase, making it the most labor-intensive project in Daklak Province, Thanh Nien Online newspaper reported.

Procedures for the project, which will be developed in the Hoa Phu Industrial Park in Buon Ma Thuot City, have been completed. Taekwang is building the factory and installing the equipment.

The province has asked the relevant agencies to remove obstacles facing the project and facilitate the investor to put the factory into operation in the third quarter of this year.

Specifically, the competent agencies have been assigned to ensure adequate water supply once the project is in place, complete the upgrade and expansion of roads leading to the Hoa Phu Industrial Park next year, and complete procedures to allow foreign experts of the Taekwang Group to work on the project.

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