Construction begins on Danish-funded garment factory in An Giang province
Denmark's Specter Real Estate A/S has begun construction of a garment factory in Mekong Delta province of An Giang’s Chau Thanh district with a total investment of 253 billion VND (about 11 million USD).
The groundbreaking ceremony for the construction of Specter An Giang Garment Technology Co.Ltd . (Photo:VNA)
An Giang (VNA) – Denmark's Specter Real Estate A/S has begun construction of a garment factory in Mekong Delta province of An Giang’s Chau Thanh district with a total investment of 253 billion VND (about 11 million USD).
The plant, built on an area of over 38.000 sq.m at the Binh Hoa Industrial Park, will produce 2 million products a year. It is expected to be put into operation in January 2024 and create jobs for more than 1,200 local workers.
Nguyen Thanh Cuong, head of An Giang province’s Economic Zone Authority, said the implementation of the Specter An Giang Garment Technology project is hoped to not only bring about huge benefits to the investor but also positively improve An Giang's industrial production and export value as well as boost local socio-economic development.
Specter Real Estate A/S specialises in manufacturing outdoor sports apparel for export to Europe, North America, and Japan.
The new factory in An Giang is its third project in Vietnam, following those in the northern prov𝕴inces of Thai Binh and Nam Dinh./.
An Giang should work towards the target of digital transformation in agriculture, Minister of Agriculture and Rural Development Le Minh Hoan told leaders of the Mekong Delta province on June 28.
Vice President Vo Thi Anh Xuan on September 19 led a delegation to visit the Mekong Delta province of An Giang and present gifts worth close to 14 billion VND (612,000 USD) to support its fight against the COVID-19 pandemic.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
The groundbreaking ceremony for the construction of Specter An Giang Garment Technology Co.Ltd . (Photo:VNA) 
