Issuance of Investment Registration Certificate

The Provincial Industrial Parks Management Board issued the Investment Registration Certificate for the XIELONG Vietnam Garment Factory project at Rang Dong Textile Industrial Park, Nghia Hung District.

According to the Investment Registration Certificate, XIELONG Chuong Binh Fujian High-tech Chemical Fiber Co., Ltd., with Mr. CHEN ZILIANG, Chairman of the Company, Chinese nationality, as the legal representative, registered to invest in the XIELONG Vietnam garment factory project with a total land area of ^61,300m2 at Lot H1, Rang Dong Textile Industrial Park, Nam Dinh province. The project has a total investment capital of VND 994.4 billion (equivalent to USD 40 million). The project is invested in 2 phases. Phase 1, complete legal procedures, start construction in the fourth quarter of 2024, complete construction of project items in the fourth quarter of 2025, install machinery and equipment and recruit workers in the first quarter of 2026, complete trial production and go into operation in the second quarter of 2026. After completing the construction of both phases, the total annual capacity of the project is expected to reach: 8.872 million kg of mesh fabric and 31.5 million pairs of shoe soles. The project has an operating period of about 41 years, from the date of being granted the Investment Registration Certificate to June 29, 2065. The investor of the XIELONG Vietnam garment factory project belongs to the XIELONG GROUP Corporation (China). By proactively improving technology, providing many new, high-quality product lines, in 2016, XIELONG GROUP became the largest supplier of raw materials for the New Balance shoe company (USA); up to now, XIELONG GROUP has continuously developed many large partners, holding international sports fashion brands such as Puma (Germany), Asics (Japan), Xtep (China).

Bich Thuy

Source: http://namdinhtv.vn/chinh-tri-xa-hoi/cap-giay-chung-nhan-dang-ky-dau-tu-0