Khanh Hoa Approved new FDI Project worth VND700Billion!

On October 9th, 2025, the Management Board of Khanh Hoa Economic Zones and Industrial Parks officially approved the Derun Spandex Fabric Manufacturing Plant Project, to be located at Du Long Industrial Park (KCN Du Long), Thuan Bac Commune, Khanh Hoa Province.

High-tech FDI project with a total investment of over VND 681 billion

The project is invested by Derun Industrial Co., Ltd. (Hong Kong), with a total investment capital of over VND 681 billion (approximately USD 26 million), including more than VND 209 billion in direct investor equity. This is a key FDI project in the field of high-tech textile manufacturing, specializing in spandex stretch fabric with a designed capacity of 22.5 million m² per year.

The project has an operational term until 2057, demonstrating the investor’s long-term commitment to stable and sustainable development at Du Long Industrial Park.

Job Creation and Economic Contribution

Once operational, the Derun project is expected to create over 450 stable jobs, contribute to local budget revenue, and boost economic growth across the South Central Coast region. In addition, the project will help form a supporting industry supply chain for the textile and garment sector, in line with Khanh Hoa Province’s sustainable development orientation.

In just the past two years, Du Long Industrial Park has attracted over VND 4,000 billion in secondary investment and created nearly 6,000 jobs, marking a significant transformation in its industrial development journey. Notably, the infrastructure investor of Du Long Industrial Park is also part of the consortium developing the Tien Duong 1 Project in Hanoi, with a total investment of VND 9,300 billion, approved under Decision No. 4851/QD-UBND dated September 24, 2025.

Source: https://thanhnien.vn/phe-duyet-du-an-fdi-gan-700-ti-cho-mot-kcn-o-khanh-hoa-185251021185433571.htm