Bestway Group has received an investment certificate to build a US$100 million toy and sports equipment manufacturing plant at VSIP Can Tho in the namesake southern city. Photo: V.D.
The project will be built on nearly 28 hectares and will focus on manufacturing toys, games, sports equipment, and plastic products.
Construction is scheduled to begin in the fourth quarter of 2025, with operations expected to start by the fourth quarter of 2026.
The plant is projected to generate over 5,000 jobs and achieve annual revenue of $500 million.
The Can Tho People's Committee previously approved a land use adjustment for VSIP Can Tho JSC, allowing the company to shift from a one-time land rental payment model to an annual rental payment scheme.
The firm has also been granted a land use rights certificate.
VSIP Can Tho spans 293.7 hectares with a total investment of over VND3.7 trillion ($140.3 million).
Upon completion, the park is expected to create 20,000 to 30,000 jobs for local workers and those from neighboring provinces.
