September 19, 2016, Vietnam Dadong Co., Ltd. successfully held the groundbreaking ceremony in Texhong Industrial Park, Haiha County, Quang Ninh Province.

Vietnam Dadong Co., Ltd. is an enterprise invested by Japan's Anglo-Swiss Group in Vietnam's Texhong Industrial Park. Japan's Anglo-Swiss Group is an enterprise mainly engaged in the production of high-end towels. It has received great success since it invested in Jiangsu Province to establish Nantong Dadong Co., Ltd. Its products are mainly exported to Japan, the United States, Europe and other countries and regions.

Anglo-Swiss Group highly recognizes the location of Vietnam Texhong Industrial Park and the advantages of vertical cooperation in the industrial chain, and has full faith in the investment policy of the Vietnamese government and the investment environment of Quang Ninh Province. Receiving strong infrastructure support from the park, Anglo-Swiss Group decided to invest 50 million US dollars to build a high-ebd towel factory in Texhong Industrial Park, Vietnam.

Mr. Wu Zhaoxian, Chairman of Vietnam Dadong Co., Ltd. delivered a speech at the foundation laying and groundbreaking ceremony, and emphasized: "With the right time and place, Vietnam Dadong Co., Ltd. is basing off of a high starting point, aiming at high goals, with first-class standards, first-class quality, first-class efficiency, and first-class cooperation, to ensure the completion of the project on schedule. We will start production as soon as possible, and strive to build Vietnam's Dadong into a model of Quang Ninh's investment promotion and business development, and make it the best towel factory in Vietnam."

Nguyen Van Thanh, Member of the Standing Committee of the Quang Ninh Provincial Party Committee and Chairman of the Provincial People's Committee, attended the groundbreaking ceremony and delivered a speech. Vice Chairman Nguyen said: "The province will follow up and guide the Provincial Economic and Management Bureau, Haiha People's Committee and relevant departments to cooperate, assist and create smooth conditions for investors, so that investors can complete the necessary legal procedures and carry out construction as soon as possible, and invest as soon as possible.”

Mr. Zhu Yongxiang, CEO of Texhong Textile Group, attended the ceremony and congratulated Dadong: "After the successful foundation stone laying ceremony of the Dadong company's investment project, Texhong Group will continue to support and create all favorable conditions for your company, cooperate with your company to improve various supporting construction projects, provide the best industrial services, and ensure the company's projects can be carried out smoothly according to the schedule."

In a warm atmosphere, provincial leaders, investors and representatives of construction units who participated in the groundbreaking ceremony shoveled soil together to lay the foundation for the 2016 key project of Vietnam Dadong in Quang Ninh Province, Vietnam. Japan's Anglo-Swiss Group and Texhong Industrial Park shall go hand in hand toward a bright future of cooperation.