By Van Dung, Chau Dung
Fri, January 23, 2026 | 8:32 pm GMT+7
The $940 million Mega Textile-Vietnam project, developed by China-headquartered Best Pacific International Holdings Limited, is set to break ground in the central province of Nghe An on Saturday.
The project will be carried out on more than 67.5 hectares at Tho Loc Industrial Park (VSIP Nghe An 2 IP), as reported by the Southeast Nghe An Economic Zone management board on Friday. This strategic location aims to bolster the region’s economic development through investment in advanced manufacturing capabilities.
VSIP Nghe An 2, also known as Tho Loc Industrial Park, in Nghe An province, central Vietnam. Photo by The Investor/Duy Nguyen.
The three-phase project was approved in principle and granted the investor green-light in late November 2024. Initially, it was planned to cover 51.18 hectares with a total investment of VND14.78 trillion ($563 million), highlighting the significant growth trajectory of this initiative.
The primary objective is to establish an export-processing enterprise. This facility is projected to produce a variety of textile products, including fabrics, webbings, dyed yarns, cut semi-finished goods, garments, and elastic bands. Additionally, it aims to provide factory, warehouse, and office leasing services along with various supporting facilities, positioning it as a key player in the textile industry.
The products from this project are intended for major global brands, including familiar names like Victoria’s Secret, Uniqlo, FILA, and Triumph. This partnership indicates a move toward integrating into the global supply chain, enhancing Vietnam’s reputation in textile manufacturing.
Phase 1 will feature the construction of vital infrastructure such as factories, warehouses, laboratories, offices, canteens, and multipurpose buildings. It also includes auxiliary structures like wastewater treatment stations and technical infrastructure, along with internal roads and green areas. This first phase will occupy approximately 16.5 hectares, with a maximum building height of five stories, setting a solid foundation for future developments.
In the second phase, the project will expand with similar facilities developed over an area of 17.4 hectares, maintaining the same maximum height specifications, ensuring that the infrastructure is environmentally compliant and operationally efficient.
The third phase is anticipated to replicate the success of the previous phases, covering about 17.3 hectares and providing additional manufacturing and operational capabilities within the industrial park.
The project is set on a long operational timeline, lasting until February 8, 2073, from the date the initial investment registration certificate was issued. However, due to increased scope, the overall coverage has been revised to 67.5 hectares with a total investment projection of $940 million.
This ambitious project is projected to create approximately 15,000 jobs for local workers, further enhancing employment opportunities in the region. Development is structured into four phases, with the first phase set to come into operation in the second quarter of 2028, marking a significant milestone for Nghe An province.
Notably, this project represents the largest in terms of investment capital and average capital intensity per hectare among similar projects in Nghe An province. Such investment signifies the growing interest of international firms in Vietnam’s burgeoning textile sector.
Mega Textile-Vietnam is a venture initiated by Singapore-based Mega Textile Singapore Private Limited, a subsidiary of Best Pacific International Holdings Limited, which was established in 2022. This strategic investment aligns with Best Pacific’s ongoing commitment to expand its manufacturing footprint in Asia.
Best Pacific, which is listed on the Hong Kong Stock Exchange as 2111, is a leading manufacturer and supplier of fabrics and elastic bands catering to top global sportswear and lingerie brands. Their previous investments include the establishment of Best Pacific Vietnam Co. Ltd. in 2015 in the former northern province of Hai Duong, now part of Hai Phong city, demonstrating a continued commitment to Vietnam as a key manufacturing hub.