The forum is a highlight event in a series of activities during the official visit of Prime Minister Pham Minh Chinh to the Kingdom of Sweden from June 12-14, 2025.
The ceremony to grant the Investment Registration Certificate for the Project "Polyester Fabric Recycling Production Complex" took place at the Vietnam - Sweden Business Forum.
The Project Certificate Awarding Ceremony took place under the witness of Prime Minister Pham Minh Chinh; Deputy Prime Minister Bui Thanh Son - Minister of Foreign Affairs ; Minister of International Cooperation and Foreign Trade of Sweden Benjamin Dousa and leaders of ministries and branches of Vietnam and Sweden. This is a continuation of the success of the high-level working trip between the leaders of Binh Dinh province and Swedish agencies and enterprises in early 2025.
The “Polyester Fabric Recycling Complex” project has a total investment of up to 1 billion USD (equivalent to about 24,970 billion VND), with the goal of recycling textile waste into PET plastic granules, serving the environmentally friendly textile industry. It is expected that when put into stable operation, the project will reach a capacity of 150,000 to 250,000 tons of PET products/year. This is one of the largest-scale projects ever in the field of textile waste recycling in Vietnam, expected to contribute positively to the goal of sustainable development and green transformation in the textile industry in Vietnam, while creating many jobs for local workers and promoting economic and industrial growth in the South Central region. The project also demonstrates Binh Dinh province's strong commitment to the investment attraction strategy associated with green transformation and sustainable development.
Prime Minister Pham Minh Chinh (fourth from left) witnessed the ceremony to grant the Investment Registration Certificate for the “Polyester Fabric Recycling Production Complex” Project between Binh Dinh Provincial Party Secretary Ho Quoc Dung and Ms. Susanna Campbell – President of Syre Group.
Previously, on the morning of June 12, Provincial Party Secretary Ho Quoc Dung had a working session with Ms. Susanna Campbell - President of Syre Group and the Board of Directors of Syre Company at the Company's headquarters to discuss the next steps for the implementation of the Project in Binh Dinh.
At the meeting, Mr. Ho Quoc Dung informed that the Prime Minister and Binh Dinh province are very interested in and welcome Syre Company to invest in a polyester fabric recycling complex in the direction of green, clean production, circular production, utilizing textile-related waste (especially prioritizing the maximum utilization of Vietnamese scrap materials), contributing to improving the environment. He also discussed with the Company about the use of modern technology, the use of local labor resources, about finance and the project's contribution to local development...
Ms. Susanna Campbell - President of Syre Group said that currently, many investors have committed to contributing capital to the project such as H&M, TPG Rise Climate... She committed to supporting Binh Dinh province in green transformation and sustainable development; at the same time, committed to using the most modern technology that meets international standards and will make the most of Vietnam's waste and related scrap for input materials of the production plant during operation. Syre has also worked with Quy Nhon University to cooperate in developing and training human resources for the Project./.
Provincial Party Secretary Ho Quoc Dung works with the Chairman of Syre Group.
Source: https://binhdinh.gov.vn/tin-tuc/hoat-dong-cua-lanh-dao/binh-dinh-trao-giay-chung-nhan-dang-ky-dau-tu-du-an1-ty-usd-cho-cho-cong-ty-syre-impact-ab-tai-thuy-dien.html
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