Taiwan’s An Shen Company has decided to invest in a US$40 million leather shoe factory in Dong Thap province’s Tran Quoc Toan Industrial Zone.

This is a joint venture project between Vietnam’s Tien Hung Company and An Shen to be built on an area of 7ha.

The US$10 million first phase will build workshops and recruit around 3,000 local workers by the end of 2014.

The factory hopes for an annual production of around 9 million products by 2016, employing 9,000 workers.

An Shen Representative Lin Yuan Chun said the new factory was partly inspired by the success of its earlier footwear factory joint venture in Dong Thap province’s Thap Muoi district.