Danish firm to build 52 million USD garment factory in Binh Dinh. (Illustrative image: VNA)

The project will be located in the Becamex Binh Dinh Industrial Park, part of the Nhon Hoi Economic Zone in Van Canh district, spanning nearly 100,000 sq.m. It includes a garment production and processing facility, a warehousing complex, and a quality control centre for raw materials and accessories.

Once fully operational, the plant is expected to produce up to 5 million products annually, generating estimated annual revenue of 51.3 million USD. Additional income will stem from warehousing and quality control services (2.4 million USD), exports, import rights and wholesale distribution rights (400,000 USD), and technical inspection and analysis services (2 million USD).

Construction of the plant is slated to begin in August 2025, with official operations expected to start by September 2026.

So far this year, Binh Dinh has attracted 31 new investment projects with a combined registered capital of nearly 12.2 trillion VND. This includes 27 domestic and four foreign-invested projects worth about 23 million USD, excluding the newly licensed Danish investment. The number of new projects has jumped 138.5% year on year, while total capital has surged by 502.6%.