HCMC – A diaper factory which was invested US$250 million by Hayat Vietnam Co., Ltd, an arm of the world’s fifth largest diaper producer–Turkey’s Hayat Group, has been inaugurated in the southern province of Binh Phuoc.
On March 20, Prime Minister Pham Minh Chinh attended the inauguration ceremony of the Hayat Kimya factory, which covers 32 hectares of land, the local media reported.
Hayat Group expected that the factory would become a production base in Southeast Asia. Some 40% of the factory’s output was expected to be exported to Thailand and Malaysia with a total export value of US$50 million per year.
The factory has less impact on the environment and helps save water and materials with zero emissions. It was also equipped with the solar power system and committed to save 6.5 megawatt hours of electricity.
Speaking at the inauguration ceremony, PM Chinh thanked Hayat for investing in Binh Phuoc, creating conditions for the province to develop and creating jobs for locals. Especially, the factory has been aware of the environmental protection.
He hailed Binh Phuoc’s fast and sustainable development but said that the province’s development had yet to correspond with its potential and conditions. Its traffic, digital transformation and climate change adaptation infrastructure remains poor.
The prime minister asked Binh Phuoc to have breakthrough thinking and strategic visions to fully exploit its potential.
PM Chinh also welcomed investors to Binh Phuoc, asking them to improve the quality of the local human resources, pay more attention to the environmental protection, and ensure social welfare and benefits of laborers.
In late 2020, Hayat Group established Hayat Vietnam Co., Ltd at the Becamex Binh Phuoc Industrial Park in Chon Thanh District. In the first phase, the project was invested US$100 million and has created jobs for more than 500 laborers.