DONG NAI (VNS) — Southern Dong Nai Province has given the green light for the Japanese company Pegasus-Shimatomo Auto Parts to start construction on a factory for automobile and motorbike spare parts.

The US$20 million plant will be built in the Long Duc Industrial Zone, in Long Thanh District.

The plant is the 11th project in Dong Nai for the first quarter of 2013 with total investment in the province totaling $155.5 million.

Japan took the lead in foreign investment flows in the province with eight projects bringing in $134.5 million in the first quarter.

Japan has also increased investment in eight other registered projects with the total investment coming up to $58.8 million.

The province's Industrial Zones have attracted $288 million of Foreign Direct Investment and $59 million of domestic investment in this period. — VNS