Japanese-invested tool manufacturer in Dong Nai becomes operational

Thursday, Apr 23, 2015 15:47

A corner of Nhon Trach 3 Industrial Park in the southern Dong Nai Province. — Photo t-wisdom.vn

HA NOI (Biz Hub) — The Japanese-invested Tone Vietnam Co. Ltd. commenced operations and inaugurated a factory producing handheld tools in the Nhon Trach 3 Industrial Park of Nhon Trach district on April 22.

The company, located in the southern Dong Nai Province, has more than US$5 million in investments, and is an affiliate of Japan's Tone Co. Ltd., which has eight decades of experience in portable tool manufacturing. It had leased 2 hectares of land at the industrial park in 2010 to build its facilities.

Speaking at the inauguration ceremony, the Chairman of the Dong Nai People's Committee, Dinh Quoc Thai, stressed that his province had offered favourable policies for Japanese investment over the past years, given the financial strength, cutting-edge technology and responsible staff of Japanese firms.

He said Dong Nai had attracted $925 million in foreign direct investment (FDI) since the beginning of 2015, $25 million higher than this year's target.

It currently houses about 1,230 active FDI projects, worth more than $22.5 billion. Among the 40 countries and territories investing in Dong Nai, Japan has nearly 200 enterprises with a registered capital of around $3.3 billion, Thai added. — VNS

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