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Signing an investment cooperation agreement between infrastructure investors WHA 1 Industrial Park and Hoang Mai I Industrial Park with Hoa Loi Group

On the afternoon of April 01, the Provincial People's Committee held a signing ceremony of investment cooperation agreement between infrastructure investors in Hoang Mai I Industrial Park and WHA 1 - Nghe An Industrial Park with Hoa Loi Group (HuaLi Group).

Attending the agreement signing ceremony were Mr. Tang Vinh Huy - Deputy General Director of Hoa Loi Group, Mr. La Hoai Tung - Deputy General Director of Hoa Loi Group; Mr. Hoang Van Duong - Chairman of the Board of Directors, General Director of Hoang Thinh Dat Joint Stock Company; Ms. Nguyen Thi Bich Lien - General Director of WHA Industrial Zone Nghe An Joint Stock Company.

On the side of Nghe An province, there were Mr. Le Ngoc Hoa - Provincial Member, Vice Chairman of the Provincial People's Committee; representatives of leaders of relevant departments, branches and units.

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Overview of the signing ceremony

At the signing ceremony, Hoa Loi Group (HuaLi Group) signed an investment cooperation agreement with infrastructure investors WHA 1 Industrial Park and Hoang Mai I Industrial Park. Project 1 is a footwear processing factory for export located in Hoang Mai I Industrial Park on an area of 14.35 hectares with a total investment of 75 million USD. It is expected that the project will be started in June 2022 and completed and put into operation in March 2023. When the factory comes into operation, it will have an output of 25 million pairs of products/year; will create jobs for about 16,000 workers.

Project 2 is also a footwear processing factory for export located in WHA 1 - Nghe An Industrial Park on an area of 7.3 hectares with a total investment of 38 million USD. It is expected that the project will be started in August 2022 and completed and put into operation in June 2023. When the factory comes into operation, it will have an output of 13 million pairs of products/year and will create jobs for about 8,000 workers.

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Vice Chairman of the Provincial People's Committee Le Ngoc Hoa pledges to always stand by, accompany and create the most favorable conditions for investors during the investment process and production and business activities

Speaking at the ceremony, Mr. Le Ngoc Hoa - Vice Chairman of the Provincial People's Committee highly appreciated the development strategy of Hoa Loi Group in Nghe An province in the coming time; at the same time, welcomed and agreed with Hoa Loi Group's proposal to invest in 02 projects of manufacturing and processing footwear factories for export in industrial zones in Southeast Nghe An Economic Zone.

Vice Chairman of the Provincial People's Committee Le Ngoc Hoa affirmed: Nghe An province will have policies to create conditions for Hoa Loi Group to invest and continue to expand investment in Nghe An province. With the spirit of constant innovation, Nghe An province continues to strongly and substantially improve the investment environment to attract large projects, create a spillover effect, attract many other supporting satellite projects, form a positive business and investment environment, cooperation for mutual development between Nghe An province and Hoa Loi Group as well as other strategic partners.

Nghe An province would like to thank the Investor for trusting and deciding to invest in the project; At the same time, believed that, when the project comes into operation, it will be one of the driving force projects contributing to growth, economic restructuring, job creation and stable income for local people.

Nghe An Provincial People's Committee is committed to always stand by, accompany and create the most favorable conditions in terms of policies, investment and business environment for investors during the investment process and production and business activities. At the same time, it will focus on directing relevant departments, branches and functional units to actively coordinate, support and promptly solve difficulties, problems, recommendations and proposals of investors to soon put the project into operation.

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Deputy General Director of Hoa Loi Group Tang Vinh Huy speaks

Thanking the attention of the leaders of Nghe An province, Mr. Tang Vinh Huy - Deputy General Director of Hoa Loi Group said: Currently, Hoa Loi Group ranks second in the world in terms of footwear processing for export. Currently, the Group is investing in the markets of Taiwan, China, Vietnam, Indonesia, India, etc. has created jobs for 150,000 workers; in which, Vietnam accounts for 85% of investment with 130 thousand workers.

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Signing an investment cooperation agreement between infrastructure investors WHA 1 Industrial Park and Hoang Mai I Industrial Park with Hoa Loi Group

In Vietnam, the Group is investing in the provinces of Hai Phong, Hai Duong, Nam Dinh, Ninh Binh and Thanh Hoa, of which Thanh Hoa has 27 large and small factories with 110,000 workers, currently opening 7 more factories. In Nghe An, it is expected that the Group will open 4 large factories, of which 2 factories signed today are at Hoang Mai I Industrial Park and WHA 1 - Nghe An Industrial Park and 02 projects are currently looking for locations.

Deputy General Director of Hoa Loi Group hopes that in the near future, the Group will study and invest in investment surveys at many locations; create jobs for the local workforce and contribute to the prosperous development of Nghe An province.

Kim Oanh