The Binh Dinh Economic Zone Management Board has just granted an investment registration certificate to Mascot International A/S Company (headquartered in Denmark) to invest in a factory to produce and process high-quality garment products, a warehouse and a center for controlling the quality of raw materials.

The project covers an area of ​​over 9.8 hectares, located in Becamex Binh Dinh Industrial Park, Nhon Hoi Economic Zone (Canh Vinh commune, Van Canh district).

The project has a total investment capital of more than 1,290 billion VND (equivalent to 52 million USD).

The project is expected to be officially operational by September 2026. The project's operational period is calculated from the date of the first investment registration certificate to August 2070.

z6490586675804_89fa41c94c374736169b9c3896273654.jpg
A corner of Becamex Binh Dinh Industrial Park, where the project is being implemented. Photo: NT

According to the Binh Dinh Economic Zone Management Board, upon completion, this will be a garment manufacturing and processing factory; construction and business of warehouses and a quality control center for raw materials; implementation of export rights, import rights and wholesale distribution rights; technical inspection and analysis.

The project will produce and process 5 million garments per year, with expected revenue of 51.3 million USD per year when the project operates at full capacity for 10 years.

In addition, the project also builds and operates a warehouse and a quality control center for raw materials of about 16,000 square meters, with expected revenue of 2.4 million USD/year.

In addition, the factory also has revenue from export business, import rights and wholesale distribution rights of about 400 thousand USD/year; revenue from technical testing and analysis activities of about 2 million USD/year.

According to the People's Committee of Binh Dinh province, since the beginning of the year, the locality has attracted 31 new investment projects with a total registered capital of over VND12,195 billion, including 27 domestic investment projects and 4 FDI projects (registered investment capital of about USD23 million). There are 29 projects adjusted with a total increased investment capital of over VND2,213 billion.

Recently, Binh Dinh successfully organized an investment promotion conference, granting investment policy decisions, investment registration certificates and memorandums of understanding (MOUs) for 62 projects, with a total registered capital of over 8 billion USD.

Source: https://vietnamnet.vn/nha-dau-tu-dan-mach-rot-52-trieu-usd-xay-nha-may-det-may-o-binh-dinh-2389655.html