Ninh Binh textile park receives VND 525.6 billion investment project
A spinning project at a textile industrial park in Ninh Binh received an investment registration certificate on November 11, 2026. With registered investment of VND 525.6 billion, the factory is designed to produce 20,000 tonnes of cotton yarn and weaving thread annually and is scheduled to begin construction in the second quarter of 2027.
On November 11, 2026, the Management Board of Ninh Binh Province’s Economic Zone and Industrial Parks issued an investment registration certificate at Rang Dong Textile Industrial Park (Aurora IP) in Ninh Binh Province to the company implementing the project, Sợi Star Việt Co., Ltd. The project’s investor is Gold Cotton Trading Co., Limited, headquartered in Hong Kong, China.
Ninh Binh’s industrial park management authority presents the investment registration certificate to the company implementing the project at the textile industrial park.（VietVance）
The project will occupy plots E2 and E3 in the park, covering more than 7 hectares. Its registered investment totals VND 525.6 billion (approximately USD 20 million). Of this, the investor will contribute VND 105.12 billion (approximately USD 4 million), or 20% of the total; the remaining VND 420.48 billion (approximately USD 16 million) is expected to be raised. Construction is scheduled to begin in the second quarter of 2027.
The factory is designed to produce cotton yarn and weaving thread, with an annual capacity of 20,000 tonnes of products. Its registered activities also include woven and knitted fabric production, textile finishing, and related trade and services. Industrial park representatives said the project will use recycled textile materials and is expected to increase raw material production capacity and strengthen links among spinning, weaving and finishing operations within the park.
An industrial park operations executive said Aurora IP covers nearly 520 hectares and is being developed to accommodate a textile supply chain spanning spinning, weaving, dyeing and finishing, garment manufacturing and supporting industries. Ninh Binh’s industrial park management authority asked the project company to meet its registered objectives, scale and schedule and comply with construction, environmental protection, fire safety and workplace safety regulations.
Source: VietVance
