September 14, 2016, Vietnamese Prime Minister Nguyen Xuan Phuc, who was visiting China, held a meeting with Mr. Hong Tianzhu, Chairman of Texhong Group, at the Shangri-La Hotel in Hong Kong.

Prime Minister Nguyen Xuan Phuc expressed his congratulations on the achievements of Texhong Group in Vietnam since 2006, and spoke highly of Texhong's investment and development efficiency in Vietnam.

Hong Tianzhu, Chairman of Texhong Group, expressed his heartfelt thanks to Prime Minister Nguyen for the special meeting arrangement, During the meeting, Chairman Hong reported to Prime Minister Nguyen the current investment situation and future investment plans of Texhong Group in Vietnam. At present, Texhong has two large production bases in the north and south of Vietnam, with a total of about 1.25 million spindles, making Texhong the largest yarn manufacturer in Vietnam. Texhong accounts for 17.8% of the total national production of about 7 million spindles in Vietnam, and produces about 300,000 tons of yarn annually, accounting for about 43% of Vietnam's total yarn production of 700,000 tons. It employs more than 12,000 Vietnamese employees. It is a veritable leading yarn manufacturer.

Against the background of the global economy still under recovery and the difficult transformation and upgrading of textile industry, in 2015, Texhong invested in an industrial park project in Quang Ninh Province, Vietnam, covering an area of about 3,300 hectares and costing US$1 billion, focusing on the infrastructure construction of the park and industrial investment cooperation. Texhong has been striving to build a vertically integrated industrial platform with global influence. At present, the park has attracted more than 5 textile investment projects from enterprises.

In addition, Chairman Hong also reported to Prime Minister Nguyen on the localization strategy of Texhong Group's human resources team. It is believed that Texhong will make more contributions to local employment, industrial structure adjustment, fiscal and taxation in Vietnam. At the same time, Texhong will make a modest contribution to the exchange of equipment, technology, standards and services between China and Vietnam, and promote integration of Chinese enterprises into the global industrial value chains.

Prime Minister Nguyen emphasized that he highly recognized the future development plan of Texhong Group, and appreciated the strategic concept of considering the development of creative industries in Hanoi and the surrounding areas of Ho Chi Minh. The Prime Minister paid special attention to and was deeply impressed by the talent localization strategy introduced by Texhong, and once again expressed that the Vietnamese government will give strong support to Texhong Group's investment and development in Vietnam, and also requires and expects Texhong Group to be environmentally friendly while taking good care of the material life and spiritual life of the workers, so that the workers can make long-term contributions to the Texhong Group with peace of mind.